Murphy and Rep. Chris Deluzio introduced the Let Kids Play Act, a bicameral bill to stop Wall Street from pricing kids out of sports by banning private equity firms from youth sports.
Ban private equity ownership or control of youth sports to keep kids' sports affordable and accessible.
Occurrences
introduced the Let Kids Play Act, a bicameral bill to stop Wall Street from pricing kids out of sports by banning private equity firms from youth sports, shutting down the vulture practices they use to jack up costs, and getting money back to the families who have been ripped off
Evidence
U.S. Senator Chris Murphy (D-CT) and U.S. Senator Cory Booker (D-NJ) introduced the Let Kids Play Act, described as a bicameral bill aimed at stopping Wall Street from pricing kids out of youth sports by banning private equity firms from the space, curbing predatory practices that drive up costs, and returning money to families who have been overcharged.
The bill text states that Murphy introduced the following bill, which was read twice and referred, and that it may be cited as the Let Kids Play Act.
GovInfo lists S. 4522 as 'Introduced in Senate (IS)' with last action on May 13, 2026: introduction, second reading, and referral to the Senate Banking Committee.
The bill text says its purpose is to prohibit vulture investors in youth sports and provides that it is unlawful for such investors to invest in a youth sports entity.
Murphy's office announced that he introduced the Let Kids Play Act, described as a bicameral bill banning private equity firms from youth sports and requiring mandatory exit from youth sports.
The House sponsor's office likewise described the Let Kids Play Act as a bicameral bill co-led by Murphy to ban private equity firms from youth sports and reduce cost-driving practices.
Assessments
Murphy introduced the Let Kids Play Act in the 119th Congress to prohibit private-equity-style investors from owning or controlling youth sports entities, which closely matches the promise. However, the available official status shows only introduction, second reading, and referral to committee, with no passage, enactment, or enforceable federal ban. This is a serious same-term legislative effort, but the promised outcome has not been delivered.
Murphy materially advanced the promise by introducing the federal Let Kids Play Act in May 2026, a bill aimed at banning private equity ownership or control in youth sports and curbing related cost-driving practices. However, the available evidence shows only introduction and referral, with no passage, enactment, regulation, or other implemented federal outcome. Because this is a serious legislative attempt but the promised ban has not been delivered, the correct adjudication is failed delivery with an effort badge, not unresolved.