LASSO Act

House Bill

H.R. 34

119th Congress

LASSO Act

In Committee

Introduced:Feb 7, 2025

Primary Sponsor

Lloyd A. Doggett

Representative

Democratic

TX-37

Cosponsors

14

Quick Stats

Policy Area

Public Lands and Natural Resources

Summary

The LASSO Act directs 10 percent of revenue from public lands under Interior Department and Forest Service jurisdiction to the Social Security Trust Fund. This includes revenue from the Outer Continental Shelf, potentially providing a new funding source for retirement benefits.

Latest Action

Referred to the Subcommittee on Forestry and Horticulture.

AI Summary

Plain-English explanation of this bill

The LASSO Act directs 10 percent of revenue from public lands under Interior Department and Forest Service jurisdiction to the Social Security Trust Fund. This includes revenue from the Outer Continental Shelf, potentially providing a new funding source for retirement benefits.

Last updated: 1/5/2026

Official Summary

Congressional Research Service summary

Land And Social Security Optimization Act or the LASSO ActThis 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.

Key Points

Main provisions of the bill

Deposits 10 percent of public lands revenue into Social Security Trust Fund
Covers lands under Interior Department and Forest Service
Includes Outer Continental Shelf submerged lands revenue
Creates new funding stream for retiree benefits
Aims to strengthen Social Security financing

How This Impacts Americans

Potential effects on citizens and communities

Social Security would gain a new revenue source from public lands. This could help shore up the Trust Fund that pays benefits to retirees and survivors, though it would redirect money currently going elsewhere.

Policy Areas

Primary Policy Area

Public Lands and Natural Resources

Related Subjects

Government trust funds

Social security and elderly assistance

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

34, 119th Congress (2025). "LASSO Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-34