LASSO Act

# LASSO Act Summary **What the Bill Would Do** The LASSO Act would redirect 10% of revenue generated from public lands managed by the Interior Department and Forest Service—including offshore drilling areas—into the Social Security trust fund. This money currently goes to the general federal budget. The bill aims to help shore up Social Security's finances by dedicating a new revenue stream to the program that pays retirement and survivor benefits. **Who It Affects** The bill would potentially affect Social Security beneficiaries (retirees, disabled individuals, and survivors of deceased workers) by increasing funding to the program.

It could also impact industries that lease public lands for activities like mining, timber harvesting, and offshore oil and gas drilling, since revenue from these activities would be partially redirected. **Current Status** The bill is currently in committee and has not advanced further in the legislative process as of this summary. Like most bills introduced in Congress, it would need to pass committee review, floor votes in both the House and Senate, and receive presidential approval to become law.