For Release
FTC Approves Horseracing Integrity and Safety Authority’s Proposed Â鶹´«Ã½ Rule
The Â鶹´«Ã½ Trade Commission has issued an Order approving the Â鶹´«Ã½ rule proposed by the Horseracing Integrity and Safety Authority after .
The Horseracing Integrity and Safety Act, which recognized the Authority, includes a requirement that its rules (and any future modifications to those rules) must be submitted for approval to the FTC. The Act requires that the FTC approve submitted rules if it finds that they are “consistent with†the Act and the FTC’s procedural rules governing the submission process.
The provides that the FTC will publish the Authority’s proposed rules in the Â鶹´«Ã½ Register for public comment if the Authority’s submissions meet certain criteria. Under the Act, the FTC has 60 days from the date of publication to approve or disapprove the proposed rule.
The Commission vote to approve the rule was 3-0-1, with Commission Christine S. Wilson abstaining. The rule will take effect on July 1, 2022.
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