What does Preamble of Let Kids Play Act do?

This bill aims to prohibit vulture investors from investing in youth sports The bill was introduced to the House of Representatives It was referred to multiple committees for consideration

What does SHORT TITLE. of Let Kids Play Act do?

This bill is formally titled the 'Let Kids Play Act'.

What does DEFINITIONS. of Let Kids Play Act do?

This section defines terms used in the Act, including 'acquired entity', 'affiliate', and 'covered firm'. It establishes definitions for various financial and investment-related terms, such as 'capital distribution' and 'private equity fund'. The section also defines terms related to youth sports, including 'youth sports entity', 'youth sports facility', and 'youth sports fund'. It provides a definition for 'vulture practice', which includes actions that cause harm or create long-term risk of harm to an acquired entity. The definitions provided in this section are used to clarify the meaning of terms used throughout the Act.

What does PROHIBITION ON VULTURE INVESTMENT IN YOUTH SPORTS. of Let Kids Play Act do?

It is unlawful for vulture investors to invest in youth sports entities. Covered firms are prohibited from engaging in vulture practices in connection with youth sports investments. Vulture practices include consolidating control over youth sports, creating integrated networks, and imposing unfair charges. Firms are prohibited from conditioning eligibility to participate in youth sports on the use of specific services or imposing junk fees. The law also prohibits firms from imposing exclusivity requirements, non-compete clauses, and multi-year commitments.

What does VULTURE INVESTOR DESIGNATION. of Let Kids Play Act do?

This section establishes a process for designating 'vulture investors' within the context of investments in youth sports entities. Covered firms are presumptively designated as vulture investors if invested in a youth sports entity as of the Act's enactment date, and automatically designated 91 days after enactment unless certified. Firms seeking to invest after enactment are automatically designated and must obtain certification before investing. To rebut the designation, covered firms must submit a sworn certification to the Commission attesting to certain conditions, including never having engaged in a 'vulture practice' and limited prior bankruptcies. Certifications must be submitted within 60 days of enactment for existing investments and 60 days prior to investment for prospective investments. The Commission must approve certifications for them to have effect, and pending review does not delay designations or obligations. Certifications not approved within 31 days after submission are automatically denied. The Commission or Assistant Attorney General can terminate a certification at any time. Submitting a false certification carries a civil penalty of at least $1,000,000 per certification and potential criminal liability. Determinations by the Commission or Assistant Attorney General regarding certifications cannot be stayed or delayed through legal proceedings.

What does DIVESTITURE AND REMEDIES. of Let Kids Play Act do?

This section outlines procedures for divestiture and remedies related to 'vulture investors' operating within youth sports entities. Vulture investors are required to divest or unwind ownership stakes within two years of enactment or designation. The Chair of the Commission must issue guidance on divestment milestones within 30 days of enactment. Failure to comply with divestment milestones may result in a portion of revenue being placed in escrow. The Commission and Assistant Attorney General will review the effect of divestiture on competition, financial viability, and the public interest. The Commission or Assistant Attorney General can block divestitures deemed harmful. If divestiture is not completed by the deadline, a trustee may be appointed to oversee the process and sell the entity. Remedies may include ceasing violations, disgorging profits, refunding fees, forgiving debts, and restoring financial viability to the youth sports entity. The Commission and Assistant Attorney General retain jurisdiction for at least one year post-divestiture to monitor compliance and impose additional remedies.

What does ENFORCEMENT. of Let Kids Play Act do?

The Commission or Assistant Attorney General may enforce this Act through administrative authorities or civil action. The Commission has powers similar to those under the Federal Trade Commission Act to enforce this Act. State Attorneys General may bring civil actions on behalf of their residents for violations of this Act. Individuals or classes of individuals may bring private civil actions for violations of this Act. Courts may award damages, restitution, attorney's fees, and other relief in civil actions under this Act.

What does JOINT AND SEVERAL LIABILITY. of Let Kids Play Act do?

Vulture investors are held jointly and severally liable with youth sports entities for certain liabilities. Liabilities include debt obligations, legal judgments, pension-related obligations, and safety infractions. Control persons or affiliates of vulture investors are also held liable.

What does YOUTH SPORTS FUND. of Let Kids Play Act do?

This section establishes a youth sports fund. Money disgorged under this Act without a specified recipient will be deposited into this fund. The Commission will create and distribute the fund. The fund's purpose is to serve the youth sports needs of harmed communities. Funds may be used to reduce participation costs for families. Funds may be used to support free community access to youth sports facilities. Funds may be used to increase financial aid or scholarships. Funds may be used to ensure a divested youth sports entity can operate safely and effectively.

What does AUTHORITY TO IMPLEMENT THIS ACT. of Let Kids Play Act do?

The Commission has authority to implement this Act Implementation is done by publishing notice in the Federal Register Section 553 of title 5, United States Code, does not apply

Back to bills

Let Kids Play Act

Last updated: 5/13/2026 · Introduced: 5/13/2026

Author: Christopher Deluzio (D-PA)

TL;DR (AI)

The 'Let Kids Play Act' prohibits 'vulture investors' from investing in youth sports entities, preventing actions that harm or create long-term risk for these organizations.
Covered firms engaging in practices like consolidating control, imposing unfair charges, or conditioning participation on specific services will be designated as 'vulture investors' and face divestiture requirements.
Firms seeking to invest in youth sports entities must obtain certification from the Commission, attesting to their compliance with the Act and avoiding 'vulture practices', or face automatic designation.
Vulture investors are required to divest their ownership stakes in youth sports entities within two years of enactment or designation, with potential oversight by a trustee if necessary.
A 'Youth Sports Fund' is established to receive disgorged funds and provide financial assistance to communities harmed by vulture investment practices, supporting participation costs, facility access, and scholarships.

119th Congressin committeeS. 4522(In Committee)Official page

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Includes provisions on preamble, short title., and 10 more.

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