Jul 31, 2026
Sen. Todd Young said members of Congress should not be allowed to act on private information when buying or selling stock.Young, a Republican, is a vocal supporter of the Stop Insider Trading Act, which passed the U.S. House las t week but has not yet been taken up by the Senate. In an interview for All INdiana Politics, Young said the ban would be a simple way of restoring the publics faith in Congress.There arent many institutions where trust is lower than in Congress, so lets get our house in order, he said. Lets take that easy step of ensuring that those members of Congress, all of us, who are exposed to sensitive, nonpublic and market-moving information on a daily basis arent acting on that information in unfair or unjust ways.The Houses version of the National Defense Authorization Act, approved this week, includes most of Youngs SHIPS for America Act, which would incentivize domestic shipbuilding in an effort to rebuild Americas shipyards. Young said he thinks the SHIPS for America Act has a good chance of becoming law at this point. He said the act could end up creating jobs in the industrial Midwest, including in Indiana.I understand that our state has already heard from some of the worlds leading shipbuilders about potentially investing next to the integrated steel mills we have in The Region, he said, adding Indiana is already home to numerous component manufacturers who might be able to take part.Young, who serves on the Senate Intelligence Committee, also responded to the latest developments in the war with Iran. He said Irans remaining nuclear material and infrastructure are buried under a mountain, so a smart strategy would be to continue to monitor known underground sites and attack any activity around them. Young said the Trump administration should shift to a more long-term strategy with Iran and signal it is willing to keep up pressure on the countrys regime for as long as it takes to dismantle the program. In the meantime, he said the United States should support efforts to install infrastructure in Gulf countries that eliminate the need to ship oil through the Strait of Hormuz altogether. About one-fifth of the worlds oil and one-third of its natural gas goes through the strait, a narrow waterway between Iran and Oman and the United Arab Emirates.Young also shared his memory of working with the late South Carolina Republican Sen. Lindsey Graham. He said he first met Graham at a carry-out in Washington shortly after Young launched his first run for the Senate in 2016.Even though he had a lot on his mind, he asked me if I wanted to join him, sit down and break some bread, he said. Im going to miss him dearly. It seems a bit surreal that I wont be seeing him again.All INdiana Politics airs at Sunday night at 11:30 on WRTV. ...read more read less
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