By AJ Rudowitz, Joseph J. Machi, Rebecca A. Guzman and Bryan Shapiro
On May 13, 2026, a bicameral coalition of Democratic lawmakers introduced the Let Kids Play Act, a sweeping piece of legislation that would effectively ban private equity from the youth sports industry. The bill represents the most direct federal legislative challenge yet to the growing consolidation of youth sports by institutional investors and it carries significant legal, regulatory and business implications for every stakeholder in the industry.