| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 34 |
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| 5 | 5 | | To deposit portions of revenue generated from public lands into the Social |
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| 6 | 6 | | Security Trust Fund. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY3, 2025 |
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| 9 | 9 | | Mr. G |
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| 10 | 10 | | OSARintroduced the following bill; which was referred to the Committee |
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| 11 | 11 | | on Natural Resources, and in addition to the Committee on Agriculture, |
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| 12 | 12 | | for a period to be subsequently determined by the Speaker, in each case |
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| 13 | 13 | | for consideration of such provisions as fall within the jurisdiction of the |
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| 14 | 14 | | committee concerned |
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| 15 | 15 | | A BILL |
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| 16 | 16 | | To deposit portions of revenue generated from public lands |
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| 17 | 17 | | into the Social Security Trust Fund. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘Land And Social Secu-4 |
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| 22 | 22 | | rity Optimization Act’’ or ‘‘LASSO Act’’. 5 |
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| 23 | 23 | | SEC. 2. PUBLIC LAND REVENUE FOR SOCIAL SECURITY 6 |
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| 24 | 24 | | TRUST FUND. 7 |
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| 25 | 25 | | (a) I |
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| 26 | 26 | | NGENERAL.—Notwithstanding any other law, 8 |
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| 27 | 27 | | each fiscal year, 10 percent of amounts collected by the 9 |
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| 28 | 28 | | VerDate Sep 11 2014 05:20 Jan 28, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H34.IH H34 |
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| 29 | 29 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 30 | 30 | | •HR 34 IH |
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| 31 | 31 | | Department of the Interior and the Department of Agri-1 |
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| 32 | 32 | | culture from the revenue generated by covered public 2 |
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| 33 | 33 | | lands during the preceding fiscal year shall be deposited 3 |
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| 34 | 34 | | into the Federal Old-Age and Survivors Trust Fund estab-4 |
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| 35 | 35 | | lished under section 201(a) of the Social Security Act (42 5 |
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| 36 | 36 | | U.S.C. 401(a)). 6 |
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| 37 | 37 | | (b) R |
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| 38 | 38 | | ULES OFCONSTRUCTION.—Nothing in this Act 7 |
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| 39 | 39 | | shall be construed as— 8 |
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| 40 | 40 | | (1) authorizing the Secretary of the Interior or 9 |
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| 41 | 41 | | the Secretary of Agriculture to raise the price of any 10 |
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| 42 | 42 | | of the activities through which revenue is generated 11 |
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| 43 | 43 | | on covered public lands; or 12 |
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| 44 | 44 | | (2) reducing amounts made available to States, 13 |
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| 45 | 45 | | Indian Tribes, territories, or local governments from 14 |
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| 46 | 46 | | revenue generated by covered public lands. 15 |
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| 47 | 47 | | (c) C |
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| 48 | 48 | | OVEREDPUBLICLANDSDEFINED.—In this 16 |
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| 49 | 49 | | Act, the term ‘‘covered public lands’’ means any land 17 |
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| 50 | 50 | | under the administrative jurisdiction— 18 |
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| 51 | 51 | | (1) of the Department of the Interior, including 19 |
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| 52 | 52 | | submerged lands on the Outer Continental Shelf (as 20 |
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| 53 | 53 | | such term is defined in section 2 of the Outer Conti-21 |
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| 54 | 54 | | nental Shelf Lands Act (43 U.S.C. 1331); or 22 |
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| 55 | 55 | | (2) the Forest Service. 23 |
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| 56 | 56 | | Æ |
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| 57 | 57 | | VerDate Sep 11 2014 05:20 Jan 28, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H34.IH H34 |
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| 58 | 58 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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