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Public Land Revenue to Boost Social Security Fund

This bill aims to deposit a portion of public land revenues into the Social Security Trust Fund. This means money generated from federal lands, including offshore areas, will help support retirement and survivor benefits. It will not increase prices for activities on these lands or reduce funds for local governments.
Key points
10% of revenues from lands managed by the Department of the Interior and Department of Agriculture will go to the Social Security fund.
The bill prohibits raising prices for public land activities or reducing funds for states and local communities.
The goal is to strengthen the financial stability of the Social Security system, which provides pensions and benefits to citizens.
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Expired
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Additional Information
Print number: 118_HR_10466
Sponsor: Rep. Gosar, Paul A. [R-AZ-9]
Process start date: 2024-12-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

LASSO Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10466.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-18.

What are the main provisions?

Key points include:

  • 10% of revenues from lands managed by the Department of the Interior and Department of Agriculture will go to the Social Security fund.
  • The bill prohibits raising prices for public land activities or reducing funds for states and local communities.
  • The goal is to strengthen the financial stability of the Social Security system, which provides pensions and benefits to citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gosar, Paul A. [R-AZ-9].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

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