LASSO Act

This bill would send 10% of the money the federal government collects from activities on public lands—like energy and other uses—into the Social Security trust fund each year. It covers lands managed by the Interior Department and the Forest Service, including submerged areas of the Outer Continental Shelf. The deposit is based on the prior year’s revenue. It does not allow agencies to raise prices for those activities, and it does not cut the shares that states, Tribes, territories, or local governments already receive from public land income. The goal is to boost Social Security’s funding without changing what communities get now from public land revenues.

Key points:

• Who is affected: Social Security recipients; communities near public lands; states, Tribes, territories, and local governments that receive revenue shares.
• What changes: Each year, 10% of federal public land revenue goes to the Social Security (Old-Age and Survivors Insurance) Trust Fund; agencies are not authorized to raise prices; existing state/Tribal/local shares are not reduced .
• When: Every fiscal year, using the previous year’s collected amounts.