Let Kids Play Act

The Let Kids Play Act prohibits private equity firms and their affiliates from investing in or engaging in specific harmful practices within the youth sports industry. It defines "vulture practices" as actions that extract profit by imposing excessive debt, raising prices, cutting jobs, or restricting access to essential services and competing platforms. To operate in this sector, these firms must obtain certification from the Federal Trade Commission or the Department of Justice proving they have never engaged in such behaviors and will not do so in the future. If a firm is designated as a vulture investor, it is required to divest its ownership stakes, return assets, refund fees, and forgive debts owed to the community and employees. The bill also establishes a Youth Sports Fund to receive disgorged funds for reducing participation costs and supporting local sports programs.