Lawmakers are holding off on supporting legislation meant to bar certain private equity firms and other large investors from funding local sports programs, as parents of young athletes face rising participation costs.
The Let Kids Play Act (H.R.8788) seeks to prevent “vulture investors” from purchasing multiple sports programs and teams in a single region, which has been shown to drive up costs for parents. But some lawmakers worry the legislation would go too far in excluding potential investors.
Lawmakers supporting the legislation have pointed to private equity companies and other large investors’ involvement as a factor in the increasing …