The Federal 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 Federal 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 Federal Register.
The Commission vote to approve the changes to the FTC Rules of Practice was 5–0. The changes will be published in the Federal Register shortly.