Bipartisan support on US House panel for examining private equity in youth sports

A U.S. House subcommittee held a bipartisan hearing to examine private equity's impact on youth sports, focusing on rising costs and reduced accessibility. Lawmakers emphasized the need to balance private investment benefits with preventing practices that limit family access, while a journalist highlighted concerns about prioritizing investor returns over child development. The youth sports industry generates $40 billion annually, with families spending an average of $1,016 yearly per child on participation.