The Federal Trade Commission has updated its codes of practice, establishing a formal process by which the Equestrian Integrity and Safety Authority can submit its budget to the FTC for review and approval. approval decision.
Under the Horseracing Safety and Integrity Act of 2020, the FTC is required to oversee HISA, including overseeing its budget. The new procedural rules establish requirements applicable to HISA to submit proposed budgets to the FTC for review.
The new procedural rules define what HISA must submit to the FTC for review and decision to approve or not to approve the proposed budget, as well as set out the basic requirements for the budget. Once submitted, proposed budgets will be made available for public comment.
The FTC’s vote to approve changes to the FTC’s Code of Practice was 3-0-1, with commissioner Christine S. Wilson not voting. The changes will be published in the Federal Register shortly.
This press release has been edited by BloodHorse Staff for content and style.
