119-hr34

[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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