By making updates to its code of follow, the Federal Commerce Fee has created a proper course of by which the Horseracing Integrity and Security Authority can submit its funds to the FTC for evaluate and approval choice.
Beneath the Horse Racing Integrity and Security Act of 2020, the FTC is required to supply oversight of HISA, together with its funds. The brand new procedural guidelines set up HISA-applicable necessities for submitting proposed budgets to the FTC for evaluate.
The brand new procedural guidelines outline what HISA should undergo the FTC for consideration and determine whether or not or to not approve the proposed funds, along with figuring out the baseline necessities for the funds. As soon as submitted, the proposed budgets shall be made public.
The FTC voted 3-0-1 to approve modifications to the FTC Code of Observe, and commissioner Christine S. Wilson didn’t vote. Modifications shall be revealed within the Federal Register shortly.
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