FEDERAL TRADE COMMISSION OVERSIGHT OF HORSERACING INTEGRITY AND SAFETY AUTHORITY.

SEC. 701. FEDERAL TRADE COMMISSION OVERSIGHT OF HORSERACING INTEGRITY AND SAFETY AUTHORITY. Section 1204(e) of the Horseracing Integrity and Safety Act of 2020 (15 U.S.C. 3053(e)) is amended to read as follows:“(e) Amendment by Commission of Rules of Authority.—The Commission, by rule in accordance with section 553 of title 136 STAT. 5232 5, United States Code, may abrogate, add to, and modify the rules of the Authority promulgated in accordance with this Act as the Commission finds necessary or appropriate to ensure the fair administration of the Authority, to conform the rules of the Authority to requirements of this Act and applicable rules approved by the Commission, or otherwise in furtherance of the purposes of this Act.” .