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.