Southwest Montana News

The Securities Exchange Commission (SEC) has withdrawn a proposed rule change that would have listed a new category of "Natural Asset Companies" on the New York Stock Exchange. This decision was made in response to comments submitted by Congressman Matt Rosendale, who raised concerns about the potential negative impact on agricultural producers in Montana.

In his comments, Rep. Rosendale highlighted the flawed reasoning behind the proposed rule, stating, "in the proposed rule, the SEC justifies itself by stating that agriculture is detrimental to the environment because it degrades soil and destroys natural habitats. Not only is this claim clearly inaccurate, but it also ignores the potential non-environmental impacts of decimating the agricultural industry." He emphasized the significance of agriculture in Montana, stating that it is the state's number one industry, contributing billions of dollars to the economy and providing thousands of jobs.

Rep. Rosendale also expressed suspicion about the true intentions behind the proposed rule, suggesting that it could be a way for wealthy individuals and sovereign nations to exert control over Americans' livelihoods. He quoted the SEC and administration, stating that they view natural ecosystems as "an investible productive asset which provides financial capital and a source of wealth for governments and its citizens."

Upon hearing the news of the SEC's decision to withdraw the rule, Rep. Rosendale expressed his satisfaction, stating, "This decision is a major win for Montana farmers, and I am proud that my comments played an instrumental role in protecting their land from D.C. Cartel land grabs."

The withdrawal of the proposed rule is seen as a victory for agricultural producers in Montana, who can continue their livelihood without the fear of their land being subjected to speculative trading. The SEC's decision reflects the importance of listening to the concerns and perspectives of those directly affected by regulatory changes.