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Let Kids Play Act
Introduced May 13, 2026 · Last action May 13, 2026 — Referred to the Committee on the Judiciary, and in addition to the Committees on Energy and Commerce, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Summary
This legislation is called the Let Kids Play Act. It is being reviewed by a committee.
Full bill text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8788 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. R. 8788
To prohibit vulture investors from investing in youth sports, and for
other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 13, 2026
Mr. Deluzio (for himself, Ms. Jayapal, Ms. Craig, and Mr. Ryan)
introduced the following bill; which was referred to the Committee on
the Judiciary, and in addition to the Committees on Energy and
Commerce, and Education and Workforce, for a period to be subsequently
determined by the Speaker, in each case for consideration of such
provisions as fall within the jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To prohibit vulture investors from investing in youth sports, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Let Kids Play Act''.
SEC. 2. DEFINITIONS.
In this Act:
(1) Acquired entity.--The term ``acquired entity'' means
any company or organization in which a covered firm, directly
or indirectly, holds an ownership interest, maintains a
management or operational control agreement, or exercises
control.
(2) Affiliate.--The term ``affiliate'' means an entity that
controls, is controlled by, or is under common control with
another entity.
(3) Assistant attorney general.--The term ``Assistant
Attorney General'' means the Assistant Attorney General for the
Antitrust Division of the United States Department of Justice.
(4) Capital distribution.--The term ``capital
distribution'' means--
(A) a cash or share dividend;
(B) a share repurchase;
(C) a share redemption; or
(D) a share buyback.
(5) Commission.--The term ``Commission'' means the Federal
Trade Commission.
(6) Company.--The term ``company'' has the meaning given
the term in section 2 of the Investment Company Act of 1940 (15
U.S.C. 80a-2).
(7) Control.--The term ``control'' has the meaning given
the term in section 2 of the Investment Company Act of 1940 (15
U.S.C. 80a-2).
(8) Covered firm.--The term ``covered firm'' means--
(A) a private equity fund; or
(B) a company that is owned or controlled by a
private equity fund.
(9) Invest.--The term ``invest'' means to own, operate,
control, manage, or otherwise direct the operation of the whole
or any part of an entity or facility, including by entering
into a management agreement or operational control agreement
with an entity or facility.
(10) Operational control agreement.--The term ``operational
control agreement'' means any formal or informal contract,
agreement, or understanding, whether written or oral (including
a limited partnership agreement, side letter, or any agreement
between or among investors) through which a covered firm
obtains the authority to influence or determine key operational
decisions of a youth sports facility, or where such authority
is contractually delegated to the private equity fund by other
investors or parties, including decisions relating to--
(A) staffing and personnel;
(B) scheduling and programming;
(C) budgeting and financial management;
(D) use and maintenance of athletic facilities; or
(E) terms of participation or membership.
(11) Private equity fund.--The term ``private equity fund''
means a person who--
(A) would be an investment company, as defined in
the Investment Company Act of 1940, but for paragraphs
(1) or (7) of section 3(c) of that Act (15 U.S.C. 80a-
3); and
(B) directly, or through an affiliate, exercises
control of such company.
(12) Vulture investor.--The term ``vulture investor'' means
any covered firm that--
(A) engages, or has previously engaged, in vulture
practices with respect to an entity that was an
acquired entity at the time of such engagement; or
(B) has had 2 or more acquired entities become
financially insolvent or enter bankruptcy proceedings
within 5 years of acquisition.
(13) Vulture practice.--The term ``vulture practice'' means
any practice, term, condition, tactic, instrument, method, or
act that causes harm or creates long-term risk of harm to an
acquired entity in order to extract profit, assets, or other
value for the benefit of a covered firm or its affiliates,
including--
(A) imposing any debt on an acquired entity to
generate profit, finance the acquisition or other
business activity, or otherwise create value for a
covered firm;
(B) transferring to a covered firm the ownership or
control of an acquired entity's assets or rights to the
intellectual property or data generated by an acquired
entity;
(C) shielding a covered firm from liability for
legal infractions or financial obligations it benefits
from or directly or indirectly causes;
(D) employing roll-up strategies through serial
acquisitions or investments to consolidate control over
local providers, including by acquiring, controlling,
managing, financing, advising, or exercising governance
rights;
(E) converting an acquired entity into a high-risk,
high-margin business by increasing prices, adding junk
fees, reducing quality or safety, cutting jobs, wages,
or benefits, or otherwise degrading operations to
maximize profit;
(F) imposing operational costs on an acquired
entity such as management fees, leases for seized
assets, capital distribution, or other burdensome or
unnecessary charges; or
(G) imposing one-sided terms on an acquired entity,
or its customers, workers, clients, buyers, or others
that lock them into exclusive dealings with entities
controlled by the covered firm, or that otherwise
exploit or restrict choice.
(14) Youth sports.--The term ``youth sports'' means any
organization, asset, service, or activity associated with
organized athletic participation, instruction, or competition
for individuals under the age of 18, including the following:
(A) All leagues, clubs, associations, and teams at
the recreational, travel, and elite levels.
(B) All youth sports facilities, physical assets,
and infrastructure.
(C) All associated technology and intellectual
property, including registration platforms, scheduling
software, scoring systems, proprietary training
methods, performance metric technology, and related
data collection and algorithms.
(D) All youth sports training camps, tournaments,
and showcases.
(E) All nonprofit and for-profit entities that
provide or facilitate any aspect of the activities
described in subparagraphs (A) through (D).
(15) Youth sports entity.--The term ``youth sports entity''
means any person, company, partnership, corporation,
association, affiliate, or organization (whether for-profit or
nonprofit) that provides, operates, manages, or facilitates
youth sports.
(16) Youth sports facility.--The term ``youth sports
facility'' means a field, court, stadium, sports complex,
gymnasium, or similar athletic facility that is used for
recreational, competitive sporting activities or to provide
ancillary services for participants under the age of 18,
including as a part of a school-sponsored team, recreational
league, or community-based program.
(17) Youth sports fund.--The term ``Youth Sports Fund''
means the fund established under section 8.
SEC. 3. PROHIBITION ON VULTURE INVESTMENT IN YOUTH SPORTS.
(a) Vulture Investor Prohibition.--It shall be unlawful for any
vulture investor to invest in a youth sports entity.
(b) Vulture Practice Prohibition.--It shall be unlawful for any
covered firm to engage in vulture practices in connection with
investment in a youth sports entity, including by doing any of the
following:
(1) Consolidating control over youth sports by rolling up
multiple youth sports entities, or acquiring, controlling,
managing, financing, advising, exercising governance rights
for, or investing in more than 1 entity that--
(A) exclusively serves multiple youth sports
entities; or
(B) supplies products or services that are
essential or mandatory for participation in youth
sports.
(2) Creating an integrated network of activities, services,
partnerships, tournaments, apparel, or tech platforms, where
participation in one requires, directly or indirectly, the use
of others owned or controlled by the covered firm or offered by
a third-party partner of the covered firm.
(3) Conditioning eligibility to participate in any aspect
of youth sports on the use of a designated travel agent, hotel
or lodging accommodation, or transportation entity.
(4) Imposing junk fees or other hidden or unfair charges in
connection with youth sports participation, including any fee
or additional cost that--
(A) is not clearly and conspicuously disclosed
before a youth registers, commits, or makes a payment
to participate in youth sports, including any late-
stage fee added after an initial price is presented or
paid;
(B) is mandatory or effectively unavoidable as a
condition of participation after a youth registers,
commits, or makes a payment;
(C) penalizes a youth participant or family for
declining to purchase goods or services;
(D) is unnecessary such that it incurs nominal or
no cost to provide;
(E) is excessive such that it is disproportional to
the cost to provide; or
(F) duplicates, overlaps with, or is bundled with
other fees or charges such that the cost is obscured or
incurred more than once for the same or similar goods
or services.
(5) Imposing any of the following terms:
(A) Exclusivity, non-compete, or right of first
refusal requirements that directly or indirectly limit
activities, services, partnerships, tournaments,
apparel, or tech platforms in youth sports to those
controlled or owned by the covered firm or their third-
party partners.
(B) Multi-year, non-cancelable commitments binding
youth sports participants or entities for 2 or more
seasons without early termination rights.
(C) Bans or restrictions, direct or indirect, on
participating in competing tournaments or other non-
affiliated athletic events offering within 150 miles.
(D) Bans or restrictions, direct or indirect, on
using competing tech platforms, including non-
affiliated scheduling, registration, or analytics
tools.
(6) Claiming, securing, transferring, or licensing by or to
a covered firm, an entity affiliated with or controlled by a
covered firm, or any third party unaffiliated with youth
sports, the intellectual property rights to any of the
following:
(A) Record, broadcast, report, attend, portray,
share, or otherwise capture any aspect of youth sports.
(B) Any athlete biometric, performance, or family
financial data, including but not limited to heart
rate, global positioning system tracking, injury
history, scouting reports, or parental payment records.
(C) Any technology or algorithms, including
software, models, or predictive systems developed in
connection with any aspect of youth sports.
(7) Violating any provision of the Protecting Young Victims
from Sexual Abuse and Safe Sport Authorization Act of 2017 (36
U.S.C. 220541 et seq.).
(8) Engaging in any other practice, term, condition,
tactic, instrument, method, or act that the Commission or
Assistant Attorney General has determined to be a vulture
practice and has published notice thereof in the Federal
Register without regard to the requirements under section 553
of title 5, United States Code.
SEC. 4. VULTURE INVESTOR DESIGNATION.
(a) Designation.--
(1) Presumptive designation for existing investment as of
the date of enactment of this act.--Any covered firm that is
invested in a youth sports entity as of the date of enactment
of this Act shall be presumed to be a vulture investor for all
purposes under this Act.
(2) Automatic designation for existing investment after the
date of enactment of this act.--Any covered firm that is
invested in a youth sports entity as of the date of enactment
of this Act shall be automatically designated as a vulture
investor 91 days after the date of enactment of this Act unless
certified under subsection (b).
(3) Designation for prospective investment after the date
of enactment of this act.--A covered firm that is seeking to
invest in a youth sports entity on or after the date of
enactment of this Act shall be designated a vulture investor
for all purposes under this Act and shall not initiate or
proceed with any such investment unless and until certified
under subsection (b).
(b) Certification.--
(1) Requirements.--A covered firm may rebut the designation
under subsection (a) only by submitting to the Commission a
sworn certification, executed under penalty of perjury and
subject to strict liability for any material misstatement or
omission, by each general partner or equivalent individual with
management authority over the covered firm, attesting that--
(A) the covered firm and any affiliate,
predecessor, successor, or entity under common control
has never engaged in a vulture practice;
(B) not more than 1 acquired entity of the covered
firm, including all affiliated or commonly controlled
entities, has become financially insolvent or entered
bankruptcy proceedings within 5 years of acquisition;
and
(C) the covered firm will not engage in any vulture
practice at any time.
(2) Timing of certification submission.--
(A) Covered firms invested as of the date of
enactment of this act.--Not later than 60 days after
the date of enactment of this Act, a covered firm
invested in a youth sports entity as of the date of
enactment of this Act may submit a certification under
paragraph (1).
(B) Covered firms seeking to invest after the date
of enactment of this act.--A covered firm seeking to
invest in a youth sports entity after the date of
enactment of this Act shall submit a certification
under paragraph (1) not less than 60 days prior to
initiating such investment.
(3) Effect on operations.--A certification under paragraph
(1) shall have no force or effect unless and until approved by
the Commission, and no certification submission, pendency, or
review shall stay, delay, or otherwise affect any designation
or obligation under this Act.
(4) Disposition of certification.--Any certification under
paragraph (1) not approved on or before the date that is 31
days after the date of submission shall be deemed denied by
operation of law.
(5) Termination of certification.--The Commission or the
Assistant Attorney General may terminate a certification at any
time by notifying the covered firm and publishing a notice in
the Federal Register, and, effective on the date of
publication, the covered firm shall be automatically designated
as a vulture investor for the purposes of this Act.
(c) False Certification.--
(1) Civil penalty.--Any covered firm that submits a
certification under subsection (b) that contains a material
misstatement or omission shall be liable for a civil penalty of
not less than $1,000,000 per certification, which shall--
(A) be assessed separately for each false
certification submitted under subsection (b);
(B) be imposed jointly and severally on the covered
firm and each individual who executes such
certification, including each general partner or
equivalent individual with management authority over
the covered firm, without right of indemnification,
reimbursement, insurance, or contribution from any
covered firm, affiliate, or other person, and any
agreement to the contrary shall be void as against
public policy;
(C) apply by operation of law upon submission of
such certification and may be enforced by the
Commission or the Assistant Attorney General; and
(D) be deposited into the Youth Sports Fund.
(2) Criminal liability.--Any individual who knowingly or
willfully executes or submits a certification under subsection
(b) that contains a material misstatement or omission shall be
fined under title 18, United States Code, imprisoned for not
more than 1 year, or both, and may be prosecuted under this
subsection, section 1001 of title 18, United States Code, or
both.
(d) Limitation on Review.--Any determination by the Commission or
the Assistant Attorney General under this section, including the
approval, denial, or termination of a certification, shall not stay,
enjoin, or otherwise delay the application of any requirement under
this Act, including through temporary restraining order, preliminary
injunction, or other equitable relief.
SEC. 5. DIVESTITURE AND REMEDIES.
(a) Divestiture.--Not later than 2 years after the date of
enactment of this Act or after designation as a vulture investor, a
vulture investor shall cure any violation of this Act by--
(1) divesting or unwinding any ownership stakes,
acquisitions, rights, agreements, contracts, terms, and
exclusivity arrangements related to the ownership, operation,
control, management, or other direction of any youth sports
entity;
(2) returning, transferring, or assigning ownership of all
assets, real estate, and intellectual property, including
trademarks, copyrights, patents, and related rights acquired by
a vulture investor from a youth sports entity or generated by
its activities, or, in the event of a non-reversible sale of a
physical asset or real estate to an unaffiliated third party,
the vulture investor shall pay the youth sports entity the full
proceeds the vulture investor received from the sale or the
market value at the time of sale, whichever is higher; and
(3) at the time of designation as a vulture investor,
removing any individuals installed by the vulture investor from
any management, senior executive, or board position within any
youth sports entity.
(b) Divestiture Process.--
(1) Guidance.--Not later than 30 days after the date of
enactment of this Act, the Chair of the Commission shall issue
guidance specifying milestones for divestment within the
deadline established under subsection (a) by publishing notice
thereof in the Federal Register without regard to the
provisions under section 553 of title 5, United States Code.
(2) Penalties for failure to comply.--For any entity
subject to divestiture under subsection (a) that does not
comply with the milestones specified under paragraph (1),
except in cases in which divestiture is blocked under paragraph
(5), the Chair of the Commission or the Assistant Attorney
General shall cause 10 percent of all revenue received by the
vulture investor attributable to the youth sports entity to be
transferred into escrow on a monthly basis, which shall be--
(A) returned to the vulture investor if divestment
occurs by the deadline under subsection (a); or
(B) deposited into the Youth Sports Fund if
divestment does not occur by the deadline under
subsection (a).
(3) Reporting period.--Any divestment required under
subsection (a) shall be reported to the Commission and the
Assistant Attorney General under section 7A of the Clayton Act
(15 U.S.C. 18a) without respect to the thresholds under
subsection (a)(2) of that section.
(4) Review of divestiture.--With respect to each
divestiture undertaken pursuant to subsection (a), in addition
to any applicable review under section 7A of the Clayton Act
(15 U.S.C. 18a), the Commission and the Assistant Attorney
General shall review the effect on competition, financial
viability, and the public interest--
(A) of the divestiture; and
(B) of the subsequent acquisition of the divested
entity by the acquiring person.
(5) Blocking divestiture.--The Commission and the Assistant
Attorney General, jointly or separately, may bring a civil
action in any court of competent jurisdiction to block any
divestiture that would constitute a violation of this Act or
harm competition, result in financial insolvency, or result in
a conflict of interest to the detriment of the public interest.
(6) Trustee.--If divestiture does not occur by the
divestiture deadline under subsection (a), a divestiture
trustee appointed by the Chair of the Commission or the
Assistant Attorney General and paid for in full by the vulture
investor subject to divestiture shall oversee the required
divestiture and shall have the authority to sell the youth
sports entity to which the divestiture requirement applies.
(c) Remedies in Connection With Divestiture.--
(1) In general.--As a condition of or in connection with
any divestiture under this section, the Commission or the
Assistant Attorney General may impose, require, supervise, and
enforce such restrictions and remedies as are necessary to
cure, mitigate, or prevent any violation of this Act.
(2) Divestiture compliance.--No divestiture required under
this section shall be considered complete or in compliance with
this Act unless and until the Commission or the Assistant
Attorney General determines that all such remedies have been
satisfied.
(3) Types of remedies.--The Commission or the Assistant
Attorney General may require a vulture investor to--
(A) cease and desist from any violation of this
Act;
(B) disgorge any revenue, fees, special dividends,
or other forms of profit extracted from a youth sports
entity through vulture practices, including any pre-
judgment and post-judgment interest;
(C) refund all junk fees charged directly or
indirectly to customers;
(D) forgive and void in full any debts or
outstanding payments owed by the youth sports entity,
the local community, and any employees, families,
participants, or customers that were related to or
resulted from vulture practices under this Act;
(E) fund any scholarship or financial aid programs
that existed at the acquisition, including during the
1-year period before the date of acquisition, at the
pre-acquisition funding level for a minimum period of 5
years;
(F) pay the youth sports entity any proceeds the
vulture investor received from leasing, licensing, or
granting access rights to any asset, real estate, or
intellectual property the youth sports entity owned,
controlled, generated, procured, or paid for prior to
or during the period of investment;
(G) transfer all data, algorithms, software,
licenses, platforms, and other technology necessary to
operate the business effectively to the youth sports
entity, and relinquish any past, present, or future
ownership or rights thereto;
(H) disgorge or delete any proprietary customer,
participant, or operational data acquired or collected
during the period of investment, as directed by the
Commission or the Assistant Attorney General;
(I) compensate for any asset transfers or
transactions that diminished the value or viability of
the youth sports entity; and
(J) provide any other relief necessary to restore
the financial viability, operational independence, and
competitive position of the youth sports entity.
(d) Post-Divestiture Jurisdiction.--The Commission and the
Assistant Attorney General shall retain jurisdiction for a period of
not less than 1 year following the completion of any divestiture under
this section to--
(1) monitor compliance with this Act and any conditions or
remedies imposed under this subsection;
(2) impose additional conditions or remedies as necessary;
(3) modify or terminate previously imposed conditions or
remedies; and
(4) require additional transfers, payments, or operational
changes to ensure compliance with this Act and the
effectiveness of the divestiture.
(e) Administrative Authority.--
(1) In general.--The authority under this section may be
exercised without any requirement to prove a violation in court
and may be based on designation as a vulture investor or a
failure to obtain or maintain certification under section 4, or
the application of this section.
(2) Orders.--The Commission or the Assistant Attorney
General may issue such orders as are necessary to carry out
this section, including orders requiring compliance with any
condition or remedy imposed under this subsection.
(3) Escrow.--The Commission or the Assistant Attorney
General may require that funds, proceeds, or other assets be
placed in escrow or otherwise withheld pending satisfaction of
the divestiture, or any condition or remedy imposed under this
section.
SEC. 6. ENFORCEMENT.
(a) In General.--The Commission or the Assistant Attorney General
may enforce this Act, including any divestiture, condition,
restriction, or remedy imposed under section 5, by--
(1) exercising the administrative authorities provided
under this Act; or
(2) bringing a civil action in an appropriate district
court of the United States.
(b) Powers of the Commission.--
(1) In general.--The Commission shall enforce this Act or
an order, requirement, guidance, rule, process, or procedure
authorized under this Act in the same manner, by the same
means, and with the same jurisdiction, powers, and duties as
though all applicable terms and provisions of the Federal Trade
Commission Act (15 U.S.C. 41 et seq.) were incorporated into
and made a part of this Act.
(2) Unfair or deceptive acts or practices; unfair methods
of competition.--A violation of this Act or an order,
requirement, guidance, rule, process, or procedure authorized
by this Act shall also constitute a violation of section 5(a)
of the Federal Trade Commission Act (15 U.S.C. 45(a)) regarding
unfair methods of competition or a rule defining an unfair or
deceptive act or practice under section 18(a)(1)(B) of the
Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)).
(3) Privileges and immunities.--Any person who violates
this Act or an order, requirement, guidance, rule, process, or
procedure authorized by this Act shall be subject to the
penalties and entitled to the privileges and immunities
provided in the Federal Trade Commission Act (15 U.S.C. 41 et
seq.).
(c) Actions by State Attorneys General.--
(1) In general.--If the attorney general of a State has
reason to believe that an interest of the residents of the
State has been or is being threatened or adversely affected by
a practice that violates this section, the attorney general of
the State may, as parens patriae, bring a civil action on
behalf of the residents of the State in an appropriate district
court of the United States.
(2) Rule of construction.--For purposes of bringing a civil
action under this subsection, nothing in this Act shall be
construed to prevent an attorney general, official, or agency
of a State from exercising the powers conferred on the attorney
general, official, or agency by the laws of such State to
conduct investigations, administer oaths and affirmations, or
compel the attendance of witnesses or the production of
documentary and other evidence.
(d) Private Right of Action.--Any individual or class of
individuals adversely affected by a covered firm's violation of this
Act, or a regulation promulgated thereunder, may bring a civil action
in any court of competent jurisdiction against the covered firm.
(e) Award.--In a civil action brought under this Act in which the
plaintiff prevails, the court may award--
(1) damages in an amount equal to--
(A) 3 times the amount of actual monetary damages
incurred as a result of the violation; or
(B) in the event of a willful violation, an amount
determined appropriate by the court, but in no case
shall such amount be less than the amount described in
subparagraph (A);
(2) restitution or other appropriate equitable relief;
(3) reasonable attorney's fees and litigation costs;
(4) any condition, restriction, or remedy described in
section 5; and
(5) any other relief that the court determines appropriate.
(f) Right to Jury Trial.--Either party, upon request, shall have
the right to a jury trial.
(g) Invalidity of Pre-Dispute Arbitration Agreements and Pre-
Dispute Joint Action Waivers.--
(1) Definitions.--For purposes of this subsection:
(A) Pre-dispute arbitration agreement.--The term
``pre-dispute arbitration agreement'' means any
agreement to arbitrate a dispute that has not arisen at
the time of the making of the agreement.
(B) Pre-dispute joint-action waiver.--The term
``pre-dispute joint-action waiver'' means an agreement,
whether or not part of a pre-dispute arbitration
agreement, that would prohibit or waive the right of 1
of the parties to the agreement to participate in a
joint, class, or collective action in a judicial,
arbitral, administrative, or other related forum,
concerning a dispute that has not yet arisen at the
time of the making of the agreement.
(2) Invalidity.--Notwithstanding any other provision of
law, no pre-dispute arbitration agreement or pre-dispute joint
action waiver shall be valid or enforceable with regard to a
dispute arising under this Act.
(3) Applicability.--Any determination as to whether or how
this subsection applies to any dispute shall be made by a
court, rather than an arbitrator, without respect to whether
such agreement purports to delegate such determination to an
arbitrator.
SEC. 7. JOINT AND SEVERAL LIABILITY.
Notwithstanding any other provision of law, or the terms of any
contract or agreement, a vulture investor, including any control person
or affiliate, shall be held jointly and severally liable with the youth
sports entity for all liabilities incurred by the youth sports entity
during the period of the vulture investor's control, including--
(1) all debt obligations assumed by the youth sports
entity;
(2) legal judgments;
(3) pension-related obligations; and
(4) any legal, regulatory, or safety infractions including,
but not limited to, child safety, labor violations, and
facility code failures.
SEC. 8. YOUTH SPORTS FUND.
Any money disgorged pursuant to an action under this Act without a
specified recipient shall be deposited in a youth sports fund created
and distributed under terms set by the Commission to be put to use in
the interest of serving the youth sports needs of the harmed community
or communities, including by--
(1) providing funds to youth sports entities to reduce or
eliminate participation costs for families;
(2) supporting free community access to youth sports
facilities;
(3) increasing financial aid or scholarships; or
(4) otherwise providing any necessary funding to ensure a
divested youth sports entity can operate at a safe and
effective level.
SEC. 9. AUTHORITY TO IMPLEMENT THIS ACT.
The Commission shall have the authority to issue orders,
requirements, guidance, rules, processes, or procedures necessary to
implement this Act by publishing notice thereof in the Federal Register
without regard to the provisions under section 553 of title 5, United
States Code.
SEC. 10. PREEMPTION.
Nothing in this Act shall be construed to restrict or preempt any
State or local law that--
(a) provides protection against vulture practices or a covered
firm that are greater than those set forth in this Act;
(b) imposes civil or criminal sanctions or penalties greater than
those imposed by this Act; or
(c) creates any public or private right of action relating to
vulture practices or a covered firm.
SEC. 11. ANTI-EVASION.
(a) In General.--It shall be unlawful for any person to structure,
restructure, or otherwise arrange any transaction, relationship, or
agreement for the purpose of evading the requirements of this Act.
(b) Substance Over Form.--For purposes of determining compliance
with this Act, the Commission and the Assistant Attorney General may
disregard the form of any transaction and consider its substance.
(c) Treatment as a Covered Firm.--Any entity created, reorganized,
or utilized for the purpose of avoiding designation under this Act
shall be deemed to be a covered firm.
<all>Official legislative text sourced from the public record (cached on CivicsHQ).
Official source
View the original bill, actions, and full legislative record on Congress.gov.
Status
In Committee
- 1Introduced
- 2Committee
- 3Floor
- 4Passed
- 5Signed
Timeline reflects current normalized status only. Full action history is not yet stored in the API.
Topics
Government Operations
Sponsors
Cosponsors
- Rep. Casar, Greg [D-TX-35]
- Rep. Craig, Angie [D-MN-2]
- Rep. Hoyle, Val T. [D-OR-4]
- Rep. Jayapal, Pramila [D-WA-7]
- Rep. Lee, Summer L. [D-PA-12]
- Rep. Levin, Mike [D-CA-49]
- Rep. Mannion, John W. [D-NY-22]
- Rep. McIver, LaMonica [D-NJ-10]
- Rep. Ryan, Patrick [D-NY-18]
- Rep. Salinas, Andrea [D-OR-6]
- Rep. Tlaib, Rashida [D-MI-12]
Votes
Voting records are not yet available for this bill.