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Congressional Daily Record
This section covers nominations, confirmations, or other executive branch business. It mentions members such as Todd Young.
Official title: Insider Trading (Executive Session)
Issued
June 18, 2026
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Download official Senate Record PDFReturn to issue contextMr. YOUNG. Mr. President, Americans don't appear to agree on very much these days, but there is at least one thing on which the American people can agree; it is this thing that brings the American people together. Our citizens, no matter their politics, don't trust their leaders.
The list of institutions that Americans have lost faith in is long. We know this. We also know that Congress is at the bottom. In fact, over 80 percent of Americans disapprove of the job we are doing in this building.
government. It is urgent, it is essential that we earn the trust of the American people back.
constituents over our own interests. We are their voice. And yet many of the people we represent believe we are failing to honor that basic commitment.
It is no wonder many are losing faith, losing trust. We are their voice. A faith in government has eroded over decades. There are many causes. A lot of fingers can be pointed. There is plenty of blame to go around.
term project. But I am here today to argue that there is an immediate step that we need to take to restore a measure of trust in this institution, and it is imminently achievable.
to enrich themselves, to enrich their families, by banning stock trading among Members of Congress.
impact the market. We do it on a daily basis. We sit on committees of jurisdiction that oversee entire sectors of America's economy. We have access to briefings and updates on a regular basis that provide nonpublic market information.
conspicuously timed around market-moving events, events shaped by information they had access to or legislation that they helped advance. Of course, this creates a direct conflict of interest between public duty and personal financial interest. And it is also a troubling double standard.
Americans? And it is, but when it comes to Members of Congress trading on information gained through public service, enforcement is quite rare and very difficult to police.
rigged for a privileged set of citizens who can manipulate it for their gain.
this unfairness. They passed the STOCK Act. This law, get this, mandates that lawmakers report stock trades over $1,000 within 30 days of the transaction. But the enforcement mechanism and initial fine of a mere $200 is virtually toothless.
So, the underlying problem remains, and it should not. Today, roughly 200 Members of Congress own shares in publicly traded companies.
Many of them, most of them, are good people. They are ethical people. They came here for all the right reasons, and many have not lost their way. And among those 200 Members, many sit on committees that craft policy for and conduct oversight on the very industries in which they invest.
political beliefs, their party, their underlying ideology, the geography in which they live, their gender, their age—they see this as a problem. How much of a problem?
School of Public Policy, 86 percent of our population supports a prohibition on congressional stock trading.
There aren't many issues like this. In a divided America, this could unify America. Our Congress could be unified by exercising the will of the American people and banning Members of Congress from trading stocks.
What do Republicans say? Mr. President, 87 percent of Republicans think this is a problem, think we should ban Members of Congress from trading stocks. You go across the country, almost 9 out of 10 Republicans you talk to will say we should do it.
And why have we not? What about Democrats? Mr. President, 87—88 percent, rather, of Democrats, almost 9 out of 10. Independents—81 percent.
So, listen, there are two bills that we already have. I don't need to draft a new bill. Let's recognize our colleagues' handiwork and get something important done.
Two bills that would accomplish this in the U.S. Senate: The first bill, the Stop