§ 3059. Unfair or deceptive acts or practices

The sale of a covered horse, or of any other horse in anticipation of its future participation in a covered race, shall be considered an unfair or deceptive act or practice in or affecting commerce under section 45(a) of this title if the seller—

• (1) knows or has reason to know the horse has been administered—
  • (A) a bisphosphonate prior to the horse’s fourth birthday; or
  • (B) any other substance or method the Authority determines has a long-term degrading effect on the soundness of the covered horse; and
• (2) fails to disclose to the buyer the administration of the bisphosphonate or other substance or method described in paragraph (1)(B).