UNITED STATES: The Federal Trade Commission (FTC) has approved the Horseracing Integrity and Safety Authority’s proposed modifications to its enforcement rule after a public comment period. The Horseracing Integrity and Safety Act, which recognized the Authority, requires that its rules and modifications be submitted for approval to the FTC. The FTC’s procedural rule provides that the Authority’s proposed rules or modifications must meet certain criteria to be published in the Federal Register for public comment. The FTC has 60 days from the date of publication to approve or disapprove the proposed rule or modification.
The Commission’s approval of the rule modification ensures that the Authority’s rules are consistent with the Horseracing Integrity and Safety Act and the FTC’s procedural rules governing the submission process. The Commission’s vote to publish the Authority’s proposed 2023 budget in the Federal Register for public comment is also in accordance with the FTC’s rule regarding oversight of the Authority’s budget process. The public will have 14 days from the date of publication to submit comments, after which the Commission will approve or disapprove the proposed budget.
The Commission’s votes to approve the rule modification and publish the proposed budget were unanimous, with a 3-0 vote. The Commission’s actions demonstrate its commitment to promoting competition, protecting consumers, and educating the public on consumer topics. Consumers can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov.
The Federal Trade Commission’s approval of the Horseracing Integrity and Safety Authority’s proposed modifications to its enforcement rule and publication of its proposed 2023 budget for public comment are significant steps toward ensuring the safety and integrity of horseracing in the United States. The Commission’s actions demonstrate its commitment to promoting competition, protecting consumers, and educating the public on consumer topics.
