H.R. 34: LASSO Act

119th Congress · introduced 2025-01-03 · Public Lands and Natural Resources · Latest: Subcommittee Hearings Held

federal

Official title

LASSO Act

Plain summary

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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

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What does this mean? (plain words)

Official text

LASSO Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Gosar, Paul A. [R-AZ-9] · 16 cosponsors

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Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Jurisdiction: The area or the matters a government or court has authority over.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr34.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr34 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills