LASSO Act

The LASSO Act requires 10% of annual revenue generated from public lands managed by the Interior Department and Agriculture Department (including national forests and Outer Continental Shelf areas) to be deposited into the Social Security Trust Fund. This directly affects the Social Security Trust Fund by increasing its funding, while ensuring no fee hikes for public land activities or reductions in funds for states, tribes, or local governments. The bill mandates this transfer annually without altering existing revenue-sharing agreements or pricing structures. It aims to bolster Social Security finances through a specific, measurable mechanism tied to federal land management.