For Release
FTC Issues Final Rule Establishing Process for Horseracing Integrity and Safety Authority’s Submission of Proposed Rules
Changes to FTC Rules of Practice establish processes under 2020 horseracing safety law
The Â鶹´«Ã½ Trade Commission has made updates to its Rules of Practice, establishing a formal process by which the Horseracing Integrity and Safety Authority can submit its draft rules and procedures to the FTC for review and an approval decision.
Under the Horseracing Integrity and Safety Act of 2020, the FTC is required to review and decide whether to approve or disapprove rules proposed by the Authority in a number of areas, such as anti-doping and racetrack safety. The new procedural rules establish requirements applicable to the Authority for its submission of proposed rules to the Commission for review.
The new procedural rules identify what the Authority must submit to the Commission for the Commission to evaluate and decide whether to approve or disapprove the Authority’s proposed rules. The Authority’s proposed rules will be published in the Â鶹´«Ã½ Register for public comment.
Consistent with the Act, the new procedural rules require the Commission to approve or disapprove of any proposed rules or rule modifications submitted by the Authority within 60 days of their being published in the Â鶹´«Ã½ Register.
The Commission vote to approve the changes to the FTC Rules of Practice was 5–0. The changes will be published in the Â鶹´«Ã½ Register shortly.
The Â鶹´«Ã½ Trade Commission works to promote competition, and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can and report scams, fraud, and bad business practices online at . Follow the FTC on social media, read our blogs and subscribe to press releases for the latest FTC news and resources.