Press Releases

March 17, 2022

Young, Colleagues Introduce Bill To Prevent Russia-China Finance Coordination

WASHINGTON - Today, U.S. Senators Todd Young (R-Ind.), Marco Rubio (R-Fla.), and Rick Scott (R-Fla.) introduced the Crippling Unhinged Russian Belligerence and Chinese Involvement in Putin's Schemes (CURB CIPS) Act to sanction Chinese financial institutions that conduct transactions with any Russian financial institutions using alternative financial messaging systems to the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Specifically, sanctions would apply to any Chinese … Continue Reading


March 17, 2022

VIDEO: Senator Young Questions IUPUI Professor Dr. Una Osili on Philanthropy

WASHINGTON - Dr. Una Osili, the Efroymson Chair at Indiana University's Lilly Family School of Philanthropy, testified today before the Senate Finance Committee. U.S. Senator Todd Young (R-Ind.), a member of the committee, asked Dr. Osili about ways the State of Indiana is leading the way in philanthropy. "Dr. Osili is a leading expert on charitable giving, both domestically and across borders," Senator Young said. "As we examine the state of our non-profit sector in 2022 in the midst of … Continue Reading


March 16, 2022

VIDEO: Young Reacts to President Zelensky’s Address to Congress

WASHINGTON - U.S. Senator Todd Young (R-Ind.) spoke at a press conference following Ukrainian President Volodomyr Zelensky's address to a joint session of Congress this morning. "Ukrainian pilots need aircraft to fly. There are MiGs we know in Poland, there are MiGs that, working with our NATO allies, we can expeditiously transfer to the Ukrainian Army and Air Force and ensure that they have the wherewithal to defend themselves. That's all that President Zelensky is asking for. So let's … Continue Reading


March 14, 2022

Young Joins Call to Urge IRS to Address Ongoing Concerns and Processing Delays

WASHINGTON - U.S. Senator Todd Young (R-Ind.) joined a bipartisan group of colleagues, including Senators Bob Menendez (D-N.J.) and Bill Cassidy, M.D. (R-La.), in a letter to IRS Commissioner Charles Rettig that reiterates ongoing concerns and urges the IRS to provide much needed relief as the agency struggles to address customer service and processing issues. The IRS's lack of action is causing unnecessary confusion, as the current tax filing season is underway. "We remain concerned that the … Continue Reading


March 14, 2022

Young, Colleagues Tell President Biden: An Iran Agreement Without Broad Congressional Support Will Not Survive

WASHINGTON - U.S. Senator Todd Young (R-Ind.) and 48 Republican Senators today told the Biden Administration they will not support a new agreement with Iran which, according to public reports, will weaken sanctions on Iran's support for terror groups and lessen restrictions on Iran's nuclear program."According to press reports, the Biden Administration may soon conclude an agreement with Iran to provide substantial sanctions relief in exchange for merely short-term limitations on Iran's … Continue Reading


March 14, 2022

Young, Colleagues Tell President Biden: An Iran Agreement Without Broad Congressional Support Will Not Survive

WASHINGTON - U.S. Senator Todd Young (R-Ind.) and 48 Republican Senators today told the Biden Administration they will not support a new agreement with Iran which, according to public reports, will weaken sanctions on Iran's support for terror groups and lessen restrictions on Iran's nuclear program."According to press reports, the Biden Administration may soon conclude an agreement with Iran to provide substantial sanctions relief in exchange for merely short-term limitations on Iran's … Continue Reading


March 11, 2022

Young, Peters Bill to Support Maritime Academy Students Passes Senate

WASHINGTON - U.S. Senators Todd Young (R-Ind.) and Gary Peters (Mich.) applauded Senate passage of their bipartisan legislation to expand the age eligibility for the Student Incentive Payment Program through the Maritime Administration. The Changing Age-Determined Eligibility to Student Incentive Payments (CADETS) Actwould expand the Student Incentive Payment Program eligibility age for financial assistance to cadets who attended one of the six State Maritime Academies and commit to a … Continue Reading


March 11, 2022

Young Supports Effort to Establish Reporting Standards for China’s Digital Yuan

WASHINGTON - U.S. Senators Todd Young (R-Ind.) and Marsha Blackburn (R-Tenn.) introduced the Say No to the Silk Road Act to require new standards and guidelines for the Chinese Communist Party (CCP) Central Bank's digital currency, the Digital Yuan. The Digital Yuan could allow countries like Russia to bypass specialized financial messaging systems such as SWIFT and empower the CCP to further violate the rights of their citizens. "China hopes its centralized digital currency and blockchain … Continue Reading


March 11, 2022

Young Supports Ukraine Aid and Government Funding Package

WASHINGTON - Last night, U.S. Senator Todd Young (R-Ind.) voted in favor of H.R. 2471, the Consolidated Appropriations Act of 2022, a package that strictly adheres to the Republican framework for appropriations - parity between defense and non-defense funding, preservation of all legacy riders, and no poison pills. The bill includes $14 billion in emergency aid for Ukraine, a nearly six percent boost in defense spending, a military pay raise, and funding for the federal government for the … Continue Reading


March 10, 2022

VIDEO: Young Presses Biden-Harris Administration Officials on Taiwan Assistance

WASHINGTON - Today, U.S. Senator Todd Young (R-Ind.) questioned Biden-Harris Administration officials regarding their plans to enhance Taiwan's defense capabilities. In the wake of Vladimir Putin's invasion of Ukraine, Young called on the Administration to take concrete steps to ensure Taiwan is prepared in the event that China decides to follow Russia's lead. "I have seen reports in the press that Putin's invasion of Ukraine has prompted a further delay and internal assessment of the … Continue Reading


March 10, 2022

VIDEO: Young on Surging Inflation Reaching Record High

WASHINGTON - Today, U.S. Senator Todd Young (R-Ind.) spoke at a press conference after the Consumer Price Index (CPI) showed inflation soared to 7.9% in February, another forty-year high. "We've seen the price of household goods and essentials outpace the increase in wages consistently, across income groups and across geographies. In short, people are hurting. "Talk to business owners, they are hurting. Talk to the manufacturing workers in Indiana, they are hurting. The ag sector is … Continue Reading


March 10, 2022

VIDEO: Young on Surging Inflation Reaching Record High

WASHINGTON - Today, U.S. Senator Todd Young (R-Ind.) spoke at a press conference after the Consumer Price Index (CPI) showed inflation soared to 7.9% in February, another forty-year high. "We've seen the price of household goods and essentials outpace the increase in wages consistently, across income groups and across geographies. In short, people are hurting. "Talk to business owners, they are hurting. Talk to the manufacturing workers in Indiana, they are hurting. The ag sector is … Continue Reading


March 08, 2022

Young Statement on Russian Oil Ban Announcement

WASHINGTON - U.S. Senator Todd Young (R-Ind.), a member of the Senate Foreign Relations Committee, today issued the following statement regarding President Joe Biden's announcement that the United States is banning imports of Russian oil and other energy products. "Today's announcement is a needed step, but we must do more to help American consumers and strike a blow against Russia's war machine. "Before turning to brutal regimes like Iran or Venezuela to replace Russian oil, we should … Continue Reading


March 08, 2022

Young Joins Bipartisan Group of Senators in Calling for U.S. to Prioritize Democracy, Human Rights at ASEAN Summit

WASHINGTON- U.S. Senators Todd Young (R-Ind.), Bob Menendez (D-N.J.), and Jim Risch (R-Idaho) today joined six of their Senate colleagues in writing a letter to President Joe Biden calling for democracy, good governance, and human rights to be top priorities for the upcoming U.S.-ASEAN (Association of Southeast Asian Nations) Leaders Summit. In light of recent trends toward democratic backsliding in Southeast Asia, the senators emphasized their concerns that, if left unaddressed, … Continue Reading


March 07, 2022

Young Leads Letter Opposing Biden Administration’s Anti-Competitive PLA Mandates

WASHINGTON - U.S. Senator Todd Young (R-Ind.) led a group of 42 Senate Republicans in sending a letter to President Joe Biden opposing the administration's Executive Order that requires project labor agreements (PLAs) on federal and federally-assisted construction contracts. "Currently, 87.4% of the U.S. construction workforce does not belong to a union. Mandating PLAs will prevent qualified contractors from fairly competing for contracts on taxpayer-funded projects. These mandates will also … Continue Reading


March 05, 2022

Senators Young, Hassan Lead Bipartisan Push to Expand R&D Tax Credit for Startups and Preserve Full R&D Deductions

WASHINGTON - U.S. Senators Todd Young (R-Ind.) and Maggie Hassan (D-N.H.), both members of the Senate Finance Committee, led a bipartisan group of their colleagues in urging Senate leadership to expand the Research & Development (R&D) tax credit and ensure that businesses can fully deduct their R&D investments each year in any upcoming legislative package. Senators Young and Hassan previously introduced a bill, the American Innovation and Jobs Act, which would expand the … Continue Reading


March 04, 2022

Young, Senators Push For Expanded Domestic Energy Production In Letter To President Biden

WASHINGTON - U.S. Senators Todd Young (R-Ind.), Lindsey Graham (R-S.C.), and a group of Republican senators yesterday sent a letter to President Biden calling on the Administration to reclaim American energy independence by approving the Keystone XL Pipeline and opening up federal lands to energy producers to increase domestic energy production in the face of Russian aggression in Ukraine. "The world is in peril and we would like to work in a bipartisan manner to meet the challenges of our … Continue Reading


March 03, 2022

Young, Colleagues Press White House for Accounting of Trillions in COVID-19 Spending

WASHINGTON - After President Biden reiterated in his State of the Union address plans to ask Congress for additional COVID-19 funding, U.S. Senators Todd Young (R-Ind.), Mitt Romney (R-Utah), and a group of 34 senators sent a letter to the President requesting an accounting of how the federal government has allocated trillions in taxpayer funds to combat the pandemic. Specific answers to these questions are vital before Congress considers additional COVID-19 funding requests from the White … Continue Reading


March 01, 2022

VIDEO: Young Reacts to the State of the Union

WASHINGTON - U.S. Senator Todd Young (R-Ind.) released the following video regarding tonight's State of the Union address: "Tonight it was really encouraging to see Republicans and Democrats join together and send a clear message that the United States is united against Vladimir Putin's aggression in Ukraine. We must let the world know that this type of behavior will never be tolerated. "At home, we have 40-year high inflation, a crisis at our border, high energy prices, and families … Continue Reading


March 01, 2022

Young, Thune, Blackburn, Moran Introduce Legislation to Modernize Consumers’ Ability to Receive and Access Personal Electronic Documents

WASHINGTON- U.S. Senators Todd Young (R-Ind.), John Thune (R-S.D.), Marsha Blackburn (R-Tenn.), and Jerry Moran (R-Kan.), members of the Senate Committee on Commerce, Science, and Transportation, which has jurisdiction over technology and consumer protection, today introduced the Electronic Signatures in Global and National Commerce (E-SIGN) Modernization Act. This legislationwould streamline how consumers consent to receiving electronic documents such as bank statements, account … Continue Reading

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