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Saturday, February 4, 2023

FTC Approves Horseracing Integrity and Safety Authority’s Proposed Assessment Methodology Rule Modification

The Federal Trade Commission has issued an Order approving modifications proposed by the Horseracing Integrity and Safety Authority to its assessment methodology rule after a public comment period.

The Horseracing Integrity and Safety Act, which recognized the Authority, includes a requirement that its rules (and modifications to those rules, such as this one) 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 FTC’s procedural rule provides that the FTC will publish the Authority’s proposed rules in the Federal 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 modification was 3-0-1, with Commissioner Christine S. Wilson abstaining.

Official news published at https://www.ftc.gov/news-events/news/press-releases/2023/01/ftc-approves-horseracing-integrity-safety-authoritys-proposed-assessment-methodology-rule

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