LASSO Act

HR 34 - 119 Congress

Introduced

Jan 03, 2025

Origin chamber

House

Updated time

Mar 08, 2025 09:06 am

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.