Bill > HR34

This bill, known as the LASSO Act (Land And Social Security Optimization Act), establishes a mechanism to direct a portion of revenue generated from public lands to the Social Security Trust Fund. Specifically, the bill requires that 10% of the revenues collected by the Department of the Interior and the Department of Agriculture from covered public lands (which include lands administered by the Department of the Interior, such as submerged lands on the Outer Continental Shelf, and lands managed by the Forest Service) be deposited into the Federal Old-Age and Survivors Trust Fund each fiscal year. The bill includes important safeguards: it explicitly prohibits the Secretaries of the Interior and Agriculture from raising prices on activities generating revenue on public lands, and it ensures that the new funding mechanism does not reduce existing revenue allocations to states, Indian tribes, territories, or local governments. By creating this additional revenue stream, the bill aims to provide supplemental financial support to the Social Security Trust Fund without negatively impacting existing stakeholders or increasing costs for public land use.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/34/all-info