LASSO Act

The LASSO Act (HR34), introduced by Rep. Gosar (R-AZ), aims to deposit 10% of revenue generated from public lands, including submerged lands on the Outer Continental Shelf, into the Federal Old-Age and Survivors Trust Fund. The bill was introduced on January 3, 2025, and has been referred to the Committees on Natural Resources and Agriculture. It has seen recent activity, with subcommittee hearings held on February 10, 2026, indicating it is actively moving through the committee stage. This bill does not authorize new spending or change the total amount of revenue generated from public lands. Instead, it reallocates a portion of existing revenue streams within the federal budget. Specifically, it directs funds that would otherwise go to the general treasury or other federal accounts to the Social Security Trust Fund. The bill explicitly states that it does not authorize the Secretaries of Interior or Agriculture to raise prices for activities on public lands, nor does it reduce amounts made available to states, Indian Tribes, territories, or local governments from these revenues. Given that the bill reallocates existing federal revenue and does not impact the generation of that revenue or the costs for companies operating on public lands, there are no direct structural winners or losers among publicly traded companies. The bill's focus is on federal budget allocation rather than market-facing economic activity. Therefore, no specific tickers are directly impacted by this legislation. As of April 7, 2026, the bill is in the committee stage, with subcommittee hearings having recently occurred. For the bill to become law, it would need to pass both the House and the Senate and then be signed by the President. Its current status suggests active consideration within the House committees, but it has a significant legislative path remaining.