LASSO Act

In Plain Language

This bill requires that 10% of the money the government makes from public lands and ocean resources go to Social Security instead of other uses. The money would help pay retirement and survivor benefits to people who receive Social Security.

Official Congressional Research Service summary

Land And Social Security Optimization Act or the LASSO ActThis 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.