HR34Referred to Committee

LASSO Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-01-03
Introduced
15
Cosponsors
HR
ⓘ
Type

Sponsor

Paul A. Gosar
Paul A. Gosar
Republican · AZ · Representative
Votes with party: 89.3% (588 recorded votes)

Full profile: /officials/G000565

Source: Congress.gov · FEC

Cosponsors (15)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Subcommittee Hearings Held

2026-02-10

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

Public Lands

Why this matters: Look up any member who voted on this bill and check their finance page — do the industries listed above match the groups funding their campaigns? That's the kind of connection this tool is built to help you find.

Subjects

Public Lands and Natural Resources

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[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. <all>
Open clean-text viewRead on Congress.gov →

Related legislation

Bills by the same sponsor or covering overlapping subjects.