We have received text from S. 2141: Intelligence Community Workforce Agility Protection Act of 2025. This bill was received on 2025-06-23, and currently has 10 cosponsors.
Here is a short summary of the bill:
The bill titled "Intelligence Community Workforce Agility Protection Act of 2025" is designed to amend the Internal Revenue Code to improve the financial conditions for employees and new appointees within the intelligence community who are required to relocate due to a change in their assignment. The main points of the bill are as follows:
Purpose
The bill aims to facilitate the movement of intelligence community members to meet critical operational needs while reducing any unintended tax burdens that may arise from their relocation. This addresses the specific needs of government employees whose positions may require them to move frequently.
Deduction for Moving Expenses
The bill proposes an amendment to Section 217(k) of the Internal Revenue Code, expanding the eligibility for moving expense deductions. It specifies that employees or new appointees of the intelligence community—excluding members of the Armed Forces—who are relocating due to changes in their job assignments can qualify for these deductions.
Exclusion for Qualified Moving Expense Reimbursements
Additionally, the bill amends Section 132(g)(2) of the Internal Revenue Code to include the same category of employees and new appointees mentioned above. This means that qualified moving expense reimbursements received by these individuals would be excluded from their taxable income, providing them with a financial benefit when moving for work-related reasons.
Effective Date
The changes proposed by this bill would apply to taxable years starting after the enactment of the Act, meaning that the new provisions would affect tax filings from that point onward.
Relevant Companies
None found
Senator Tom Cotton Bill Proposals
Here are some bills which have recently been proposed by Senator Tom Cotton:
- S.2202: A bill to modify the responsibilities and authorities of the Director of National Intelligence, to reform the Office of the Director of National Intelligence, and for other purposes.
- S.2141: Intelligence Community Workforce Agility Protection Act of 2025
- S.2001: No Visas for Violent Criminals Act
- S.2000: Mitigating Extreme Lawlessness and Threats Act
- S.1972: Bioweapon Prevention Act of 2025
- S.1934: Securing Energy Supply Chains Act
You can track bills proposed by Senator Tom Cotton on Quiver Quantitative's politician page for Cotton.
Senator Tom Cotton Net Worth
Quiver Quantitative estimates that Senator Tom Cotton is worth $684.7K, as of July 2nd, 2025. This is the 322nd highest net worth in Congress, per our live estimates.
Cotton has approximately $181.2K invested in publicly traded assets which Quiver is able to track live.
You can track Senator Tom Cotton's net worth on Quiver Quantitative's politician page for Cotton.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
