LASSO Act
Latest Action
Subcommittee Hearings Held
Official 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.
GovScope Watchdog™
AI Government Intelligence™The Land And Social Security Optimization Act (LASSO Act) proposes that 10% of revenue generated from public lands, including submerged lands on the Outer Continental Shelf managed by the Department of the Interior and the Forest Service, be allocated to the Federal Old-Age and Survivors Insurance Trust Fund. This fund supports Social Security benefits for retirees, their families, and survivors of deceased workers. The bill is currently in committee, with subcommittee hearings held as of February 10, 2026.
The LASSO Act aims to dedicate a portion of public land revenue to bolster Social Security funding, linking natural resource income to retirement and survivor benefits.
- Requires 10% of revenue from public lands under the Department of the Interior and Forest Service to be deposited into the Social Security Trust Fund.
- Includes revenue from submerged lands on the Outer Continental Shelf in the revenue calculation.
- The Social Security Trust Fund supports benefits for retirees, their families, and survivors of deceased workers.
['Retirees receiving Social Security benefits', 'Families of retirees', 'Survivors of deceased workers', 'Department of the Interior', 'Forest Service']
['Implementation challenges in accurately tracking and transferring 10% of diverse revenue streams from public lands.', 'Potential impact on funding availability for other programs managed by the Department of the Interior and Forest Service due to revenue diversion.', 'Oversight mechanisms for ensuring proper allocation and use of funds are not detailed in the summary.', 'No information on how this revenue allocation might affect existing budgetary priorities or obligations.']
The bill is part of the 119th Congress legislative agenda and is currently in committee with subcommittee hearings held. It addresses the intersection of public land revenue management and Social Security funding, a significant federal policy area involving natural resources and social welfare programs.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential reduction in funds available for conservation, land management, or other public land programs due to revenue allocation to Social Security.', 'Increased linkage between natural resource revenue and social welfare funding, which may influence future policy decisions on public land management.', 'Possible administrative burden on agencies to comply with new revenue reporting and transfer requirements.']
The bill summary does not provide details on oversight, enforcement, or administrative procedures for the revenue transfer, which are critical for transparency and accountability. Monitoring how the 10% revenue allocation affects other public land programs and Social Security funding stability will be important. The absence of full bill text limits comprehensive analysis of specific provisions and mechanisms.
GovScope Intelligence Roadmap
Future bill intelligence will connect sponsors, committee referrals, related votes, campaign finance, disclosures, and stock trades into one legislative intelligence view.