WASHINGTON, July 9 -- Sen. Jeff Merkley issued the following press release:
Oregon's U.S. Senator Jeff Merkley announced he joined Senate and House lawmakers in supporting the Let Kids Play Act, legislation to stop Wall Street from pricing kids out of sports. The proposed legislation bans private equity firms from taking over 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.
"Billionaire Wall Street executives are exploiting sports for profit," said Merkley. "Instead of fostering work ethic and sportsmanship, private equity is focused on making money from an essential part of childhood. Let's kick these greedy corporations out of kids' sports to r...