Congress is not done with private equity in youth sports.
A subcommittee of the House Education and Workforce Committee has scheduled a hearing titled "Field of Fees: Private Equity’s Role in the Commercialization of American Youth Sports.”
The Subcommittee on Early Childhood, Elementary, and Secondary Education hearing will be held June 30 at 10:15 a.m. ET.
It is the same subcommittee that hosted a general youth sports hearing last December where American Economic Liberties Project’s Katherine Van Dyck delivered fiery testimony that later translated into building blocks of the Let Kids Play Act.
Quick Take: This is a bit of a wild card to forecast. None of the LKPA’s House sponsors are on the subcommittee and only one member — Rep. Summer Lee (D-PA) — has been particularly outspoken about private equity. Subcommittee chair Rep. Kevin Kiley (I-CA) temporarily lost his seat when he left the Republican Party earlier this year, but has since been reinstated. And the GOP members’ past comments on sports have largely been confined to issues like NIL and transgender athletes.
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