We have received text from H.R. 8788: Let Kids Play Act. This bill was received on 2026-05-13, and currently has 3 cosponsors.
Here is a short summary of the bill:
This bill, known as the Let Kids Play Act, aims to stop certain investment firms, particularly private equity funds, from participating in youth sports. The bill defines "vulture investors" as firms that have a history of negative practices, such as exploiting businesses for profit, leading to negative consequences for the entities they invest in. Here’s a detailed summary of the main provisions of the bill:
Definitions
The bill defines key terms such as:
- Covered Firm: A private equity fund or a company controlled by such a fund.
- Vulture Investor: A covered firm that engages in practices harmful to an acquired entity or has caused multiple entities to become insolvent shortly after acquisition.
- Youth Sports: Any organized athletic activities for individuals under the age of 18, including leagues, clubs, facilities, and technology related to these sports.
Prohibition of Vulture Investment
The bill makes it illegal for vulture investors to invest in youth sports entities. It outlines specific actions that are prohibited, which include:
- Consolidating control over multiple youth sports entities.
- Creating networks that force participation in services or products owned by the investor.
- Conditioning participation on the use of specific services, which may impose additional costs or fees.
- Imposing hidden fees or unfair charges related to youth sports participation.
- Engaging in practices that limit competition, such as exclusivity clauses or restricting participation in other events.
- Claiming ownership of intellectual property related to youth sports.
Vulture Investor Designation
Firms that are invested in youth sports entities at the time the bill is enacted will automatically be considered vulture investors unless they prove otherwise under strict conditions, notably demonstrating that they have not engaged in harmful practices.
Divestiture and Remedies
Vulture investors must divest their interests in youth sports entities within two years of being designated as such. This includes:
- Divesting ownership stakes and control over youth sports entities.
- Returning or compensating for any assets or profits gained through harmful practices.
- Removing individuals placed in management positions by the vulture investor from any youth sports entity.
If a vulture investor fails to comply, penalties will be imposed, including the transfer of a percentage of revenue to escrow or the Youth Sports Fund, which is established to support youth sports initiatives in the affected communities.
Enforcement and Legal Actions
The bill grants the Federal Trade Commission (FTC) and the Assistant Attorney General authority to enforce these provisions. Furthermore, state attorneys general can bring civil actions if local interests are harmed by violations of this law, and individuals or groups may sue firms that violate the act.
Youth Sports Fund
A fund will be created to support youth sports activities with any funds recovered from vulture investors. This fund will be used for:
- Reducing participation costs.
- Funding community access to sports facilities.
- Supporting scholarships and financial aid for youth sports.
Administrative Authority
The Bill empowers the FTC to issue necessary rules and guidance to implement the Act, ensuring compliance without being bound by particular procedural norms.
Preemption and Evasion
The bill states that it does not limit state and local laws that provide greater protection against harmful practices. Additionally, it prohibits any actions aimed at circumventing the requirements of the Act.
Relevant Companies
- None found
Representative Christopher R. Deluzio Bill Proposals
Here are some bills which have recently been proposed by Representative Christopher R. Deluzio:
- H.R.8888: To amend title 49, United States Code, to prohibit Amtrak from including mandatory arbitration clauses in contracts of carriage, and for other purposes.
- H.R.8788: Let Kids Play Act
- H.R.8743: To direct the Surgeon General of the Public Health Service to develop recommendations for screen time limits for children to promote healthy development and well-being, and for other purposes.
- H.R.8405: Railroad Retirement Fairness Act
- H.R.8135: Cost-of-living Emergency Act
- H.R.8003: Expanding the Fast Track Act of 2026
You can track bills proposed by Representative Christopher R. Deluzio on Quiver Quantitative's politician page for Deluzio.
Representative Christopher R. Deluzio Net Worth
Quiver Quantitative estimates that Representative Christopher R. Deluzio is worth $4.7M, as of May 27th, 2026. This is the 174th highest net worth in Congress, per our live estimates.
Deluzio has approximately $3.3M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Christopher R. Deluzio's net worth on Quiver Quantitative's politician page for Deluzio.
2026 Pennsylvania's 17th Congressional District Election
There has been approximately $7,497,997 of spending in Pennsylvania's 17th congressional district elections over the last two years, per our estimates.
Approximately $2,315,679 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- AMERICANS FOR PROSPERITY ACTION, INC. (AFP ACTION) DBA CVA ACTION AND DBA LIBRE ACTION ($680,981)
- HMP ($480,000)
- VOTEVETS ($466,097)
- WITH HONOR FUND II, INC. ($334,916)
- FOOD AND WATER ACTION ($89,615)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Pennsylvania's 17th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
