Barney Frank Speaks Out On the UIGEA
11 November 2008
The Treasury Department has finalized the UIGEA Regulations, and is trying to get it passed before the new Administration takes over. This is called midnight drop, when one administration finalizes regulations that are in question before the end of its term.
Barney Frank is Speaking out against these regulations. He said: “I am deeply disappointed to hear that your agency is proceeding with what I consider to be unseemly haste in issuing regulations implementing the Unlawful Internet Gambling Enforcement Act. This midnight rulemaking will tie the hands of the new Administration, burden the financial services industry at a time of economic crisis, and contradict the stated intent of the Financial Services Committee.”
He urged the Treasury Secretary to delay implementation of these major, and deeply flawed regulations to permit the incoming Administration the ability to review the consequences of such a significant policy decision, rather than unfairly being denied that opportunity.
This is a last ditch for the present administration to get this passed before the new one can stop it. Everyone should speak up for Barney Frank on this, so we do not lose our right to play online!
22 July 2010Positive Hearing on U.S. Internet Gambling Regulation
In three months the Unlawful Internet Gambling Enforcement Act (UIGEA) will turn 4 years old. The regulations put in place to govern how to enforce this law just came into effect in June and now, finally, Barney Frank and his bill HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act is moving forward to try and change it.Read full article
26 July 2010Online Gambling Bill Headed for Mark Up Vote
Just like it was alluded to last week in the House Financial Services hearing Barney Frank’s H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act is moving quickly through the beginning stages and already has a mark-up set for Tuesday, July 27th. The hearing had its fair share of supporters and distracters with heated discussion’s coming from both sides.Read full article
28 July 2010Barney Franks Online Gambling Bill Passes Mark Up Vote
Step one passed with flying colors. House Committee on Financial Services Chairman Barney Frank’s bill H.R. 2267 the Internet Gambling Regulation and Consumer Protection and Enforcement Act took a step today in trying to regulate online gambling in the United States. This bill would regulate internet gambling in the U.S. as well as require operators who have gotten a license to have safeguards in place to curb underage gambling and to help prevent problem gambling.Read full article