LASSO Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 34 Introduced in House (IH)]

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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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