The Let Kids Play Act prohibits vulture investors from investing in youth sports.
The Let Kids Play Act aims to protect youth sports entities from harmful investment practices by vulture investors. It defines "vulture investors" as private equity funds or companies controlled by such funds that engage in practices detrimental to youth sports entities. These practices include imposing excessive fees, consolidating control over youth sports, and reducing quality or safety. The Act mandates divestiture for existing vulture investors and requires new investors to certify compliance. It also establishes a youth sports fund to support affected communities.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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