Many perspective pilots feel that flight training is simply too time consuming and too expensive. Sport pilot solves this time/money issue by creating a basic, entry level pilot certificate that is paired down to train people for only the things they use as a powered parachute (PPC) light-sport aircraft (LSA) pilot without jeopardizing safety. The result is a sport pilot certificate that is half the time commitment and half the cost of a private pilot certificate.
If you are a current CFI who wishes to instruct powered parachutes and are not currently rated to do so all you have to do is add the new category privilege at the sport pilot instructor level by the completion of a proficiency check conducted in accordance with FAR 61.419.
For more information on existing (Subpart H) CFIs instructing sport pilots, CFI operating as a sport pilot instructor.