A bill to prohibit vulture investors from investing in youth sports, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4522 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4522 To prohibit vulture investors from investing in youth sports, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 13, 2026 Mr. Murphy (for himself and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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) Cover