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Summary:
The Federal Trade Commission (FTC) has proposed changes to its oversight rules regarding the Horseracing Safety and Integrity Authority (HSIA). The proposed updates aim to increase transparency, establish clear guidelines for conflicts of interest, and ensure prudent financial and operational management. Key changes include:
Updated reporting requirements, including annual financial and performance reports
Risk management requirements to prevent conflicts of interest, waste, fraud, and abuse
Best practices for organizational management and customer service
Streamlined budget approval process
The notice of proposed rulemaking will be open for public comment for 60 days, and comments will be posted on Regulations.gov.
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