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S. 2940

U.S. Senate•In Senate Committee

Summary

S. 2940, the OPT Fair Tax Act, was introduced in the Senate on Sep 30, 2025 by Sen. Tom Cotton (R). It was referred to Finance, and last saw action on Sep 30, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2940 has no co-sponsors and has not gone to a roll call.

sb2940/introduced-in-senate.txt
119 S2940 IS: OPT Fair Tax Act
 U.S. Senate
 2025-09-30
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2940  IN THE SENATE OF THE UNITED STATES   September 30, 2025   Mr. Cotton  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to include optional practical training for F–1 visa holders as employment for purposes of taxes under the Federal Insurance Contribution Act and the Social Security Act.
1.
Short title
This Act may be cited as the   OPT Fair Tax Act  .
2.
Inclusion of optional practical training for F-1 visa holders as employment
(a)
Federal Insurance Contribution Act
 Section 3121(b)(19)  of the Internal Revenue Code of 1986 is amended by striking  as the case may be  and inserting  as the case may be, except that this paragraph shall not apply to service performed by an alien present in the United States as a nonimmigrant described in section 101(a)(15)(F)(i) of the Immigration and Nationality Act ( 8 U.S.C. 1101(a)(15)(F)(i) ) who is participating in optional practical training .
(b)
Social Security Act
Section 210(a)(19) of the Social Security Act ( 42 U.S.C. 410(a)(19) ) is amended by striking  as the case may be  and inserting  as the case may be, except that this paragraph shall not apply to service performed by an alien present in the United States as a nonimmigrant described in section 101(a)(15)(F)(i) of the Immigration and Nationality Act ( 8 U.S.C. 1101(a)(15)(F)(i) ) who is participating in optional practical training .
(c)
Effective date
The amendments made by this section shall apply to services performed in calendar months beginning after the date of enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-09-30
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to include optional practical training for F-1 visa holders and employment for purposes of taxes under the Federal Insurance Contribution Act and the Social Security Act.

Sponsors

Sen. Tom Cotton (R) sponsors S. 2940 alone.

Tom Cotton

Sen. · R–AR · Sponsor

Committees

S. 2940 went before 1 committee: Finance.

Finance
Finance
Referred To · Sep 30, 2025 · 902 Bills

Actions

S. 2940 has taken 2 actions since Sep 30, 2025.

ChamberAction
Sep 30, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Sep 30, 2025
—
Introduced in Senate

Votes

S. 2940 has not gone to a roll call.

1 bill is related to S. 2940, as Identical bill.

Titles

S. 2940 goes by 3 titles, 1 of them short titles.

  • OPT Fair Tax Act — Display Title
  • OPT Fair Tax Act — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to include optional practical training for F-1 visa holders and employment for purposes of taxes under the Federal Insurance Contribution Act and the Social Security Act. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 2 registered lobbyists who named S. 2940 in 2 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Immigration, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
SLEVIN ADVISORY LLC O/B/O THE IFP ACTIONThinktank/Policy Advocacy OrganizationDistrict of Columbia12$20K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
RIDGE PATH STRATEGIES12$20K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
BRIAN DIFFELL112
MADISON SMITH112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
SLEVIN ADVISORY LLC O/B/O THE IFP ACTIONRIDGE PATH STRATEGIES2026 second_quarter$10K2nd Quarter - Report
SLEVIN ADVISORY LLC O/B/O THE IFP ACTIONRIDGE PATH STRATEGIES2026 first_quarter$10K1st Quarter - Report

Classification

The Congressional Research Service files S. 2940 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2940’s is Taxation.

s2940/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com