Let Kids Play Act

The Let Kids Play Act prohibits private equity firms from investing in youth sports organizations and bans specific aggressive business tactics, such as imposing hidden fees, enforcing restrictive contracts, or seizing intellectual property from these entities. To enforce this, the bill designates any private equity firm currently invested in youth sports as a "vulture investor" unless they can prove they have never engaged in harmful practices, a certification that can be revoked at any time. If designated as a vulture investor, the firm must divest its ownership within two years, return all extracted profits and assets, and compensate for any debts or damages caused during its control. The Federal Trade Commission and the Department of Justice are empowered to oversee these divestitures, impose heavy fines for false certifications, and retain jurisdiction to ensure the organizations remain financially viable after the takeover.