🏇Proposed Modifications to Horseracing Integrity and Safety Authority Rules
Horseracing Integrity and Safety Authority Enforcement Rule Proposed Modification
Summary
As required by the Horseracing Integrity and Safety Act of 2020, the Federal Trade Commission publishes a proposed modification of the Horseracing Integrity and Safety Authority's rules addressing horseracing in the United States. The proposed rule modification would amend the Rule 8000 Series, the Enforcement Rule, which establishes specified violations, sanctions applicable to violations of rules in both the Rule 2000 and Rule 8000 Series, a comprehensive set of procedures for the adjudication of alleged violations, and rules applicable to the exercise of the Authority's investigatory powers. This document publicizes the Authority's proposed rule modification's text and explanation, and it seeks public comment on whether the Commission should approve the proposed rule modification.
Agencies
- Federal Trade Commission
Business Impact
$$$ - High
The proposed rule modifications involve compliance changes and new regulatory requirements for horseracing, directly impacting business practices in the industry. Business owners and executives need to ensure adherence to the updated penalties and adjudicatory procedures outlined in the text, particularly regarding horse registration and competition eligibility.