Bill Details
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View cosponsors (16)
- Rep. Donalds, Byron [R-Florida-19]
- Rep. Norman, Ralph [R-South Carolina-5]
- Rep. Hamadeh, Abraham J. [R-Arizona-8]
- Rep. Davidson, Warren [R-Ohio-8]
- Rep. Nehls, Troy E. [R-Texas-22]
- Rep. Owens, Burgess [R-Utah-4]
- Rep. Crane, Elijah [R-Arizona-2]
- Rep. Stutzman, Marlin A. [R-Indiana-3]
- Rep. Boebert, Lauren [R-Colorado-4]
- Rep. Harris, Andy [R-Maryland-1]
- Rep. Wied, Tony [R-Wisconsin-8]
- Rep. Van Orden, Derrick [R-Wisconsin-3]
- Rep. Fulcher, Russ [R-Idaho-1]
- Rep. Babin, Brian [R-Texas-36]
- Rep. Begich, Nicholas J. [R-Alaska]
- Rep. Perry, Scott [R-Pennsylvania-10]
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would send a small share of money made from certain federal public lands into Social Security’s trust fund. Each year, 10% of the revenue collected by the Interior Department and the Agriculture Department from these lands would be deposited into the Social Security fund for retirement and survivor benefits. The bill says this would not allow the government to raise prices for activities on those lands, and it would not cut the money that states, tribes, local governments, or territories already receive from that revenue.
- The money would come from revenue generated on public lands managed by the Interior Department and the Forest Service.
- It would also include certain submerged lands on the Outer Continental Shelf.
- The 10% transfer would happen each fiscal year based on the previous year’s revenue.
- The bill says existing payments to states, tribes, territories, and local governments must stay the same.
Official Summaries
Land And Social Security Optimization Act or the LASSO Act
This bill requires 10% of revenue generated by public lands, including submerged lands on the Outer Continental Shelf, under the jurisdiction of the Department of the Interior and the Forest Service to be deposited into the Federal Old-Age and Survivors Insurance Trust Fund, which is used to pay Social Security benefits to retirees and their families and to survivors of deceased workers.
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 34 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 34
To deposit portions of revenue generated from public lands into the
Social Security Trust Fund.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Gosar introduced the following bill; which was referred to the
Committee on Natural Resources, and in addition to the Committee on
Agriculture, for a period to be subsequently determined by the Speaker,
in each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To deposit portions of revenue generated from public lands into the
Social Security Trust Fund.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Land And Social Security
Optimization Act'' or ``LASSO Act''.
SEC. 2. PUBLIC LAND REVENUE FOR SOCIAL SECURITY TRUST FUND.
(a) In General.--Notwithstanding any other law, each fiscal year,
10 percent of amounts collected by the Department of the Interior and
the Department of Agriculture from the revenue generated by covered
public lands during the preceding fiscal year shall be deposited into
the Federal Old-Age and Survivors Trust Fund established under section
201(a) of the Social Security Act (42 U.S.C. 401(a)).
(b) Rules of Construction.--Nothing in this Act shall be construed
as--
(1) authorizing the Secretary of the Interior or the
Secretary of Agriculture to raise the price of any of the
activities through which revenue is generated on covered public
lands; or
(2) reducing amounts made available to States, Indian
Tribes, territories, or local governments from revenue
generated by covered public lands.
(c) Covered Public Lands Defined.--In this Act, the term ``covered
public lands'' means any land under the administrative jurisdiction--
(1) of the Department of the Interior, including submerged
lands on the Outer Continental Shelf (as such term is defined
in section 2 of the Outer Continental Shelf Lands Act (43
U.S.C. 1331); or
(2) the Forest Service.
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