Young Supports Bills to Ban Stock Trading by Members of Congress, Help Restore Public Trust

WASHINGTON –Today, U.S. Senator Todd Young (R-Ind.) announced he is supporting two bills that would place new restrictions on stock trading by members of Congress.
Young is cosponsoring theRestore Trust in Congress Actto stop insider trading by members of Congress, their spouses, and dependent children through banning the ownership and trading of individual stocks. The bill was introduced by Senator Ashley Moody (R-Fla.).Young is also cosponsoring theStop Insider Trading Act, which would prohibit members of Congress, their spouses, and dependent children from purchasing publicly traded stocks and mandates a seven-day public notice period before any stock sales can be executed. The bill was introduced by Senator Pete Ricketts (R-Neb.).
“I’ve heard from many Hoosiers who are rightly concerned about those serving in Congress unfairly profiting from their positions,”said Young.“I fully support a ban on stock trading by members of Congress, and I am supporting these bills to ensure such a ban becomes law. No one in Congress should benefit financially from public service and the trust placed in them by voters.”
TheRestore Trust in Congress Actwould include:
TheStop Insider Trading Actwould: