H.R. 34 · Where this bill is now
In committee
Introduced in the House, sent 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, Jan 3, 2025
What this bill does
In plain words · AI-written from the official summaryDirects public land revenue to Social Security
This bill would set aside 10% of money the federal government makes from public lands—including underwater areas off the coast—and send that money to the Social Security trust fund. That trust fund pays benefits to retirees, their families, and survivors of workers who have passed away.
How it affects you
If this became law, it wouldn't directly change Social Security benefits or how you pay into the system right now. But it would put additional money into the trust fund that supports Social Security payments to retirees and their families.
Read the official summary (Introduced in House, Jan 3, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 34
A BILL
LASSO Act
Sponsor: Rep. Paul A. Gosar (R-AZ-9) · Introduced Jan 3, 2025 · Public Lands and Natural Resources · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 10, 2026: “Subcommittee Hearings Held”