Fact or Fiction - Is Congressman Barney Frank Going To Challenge UIGEA?
22 February 2007
You know how rumors operate. Someone says something which is repeated by someone else and passed to another who in turn tells someone else. The trouble with rumors is that the original content very seldom stays intact along the way, not to mention the question of whether the original statement being rumored about was true.
But it’s beyond me at this point to pass up the current rumor circulating regarding Congressman Barney Frank.
So here’s the deal… or rumor… that US Congressman Barney Frank, chairman of the Financial Services Committe in Congress, is considering a challenge to the Unlawful Internet Gambling Enforcement Act (UIGEA) which was passed into law and signed by President Bush in October of last year.
There is such a rumor floating about and, on a side note, it was possibe that on the strength of that rumor, online gambling shares listed on the London stock market got a small boost.
Confirmation of this rumor was attempted by UK business media, who contacted Congressman Frank’s office in Washington. They were told by an aide that although Frank was ‘not in favor’ of the restructions against online gambling, there was ‘nothing on the agenda right now’ to reverse the bill. He refused to say whether the Congressman was considering any action of this type.
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UK online gambling stock rose earlier this month amid speculation that US Congressman Barney Frank was going to introduce legislation calling for a review of UIGEA. Now new gossip floating the current rise in UK gambling stock credits the speculation that charges against Lefebvre and Lawrence, Neteller founders arrested in February and held in the US are about to be dropped.Read full article
14 March 2007Barney Frank Works On Legislation To Repeal Unlawful Internet Gambling Enforcement Act
eGaming Review The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank’s press department. The details of how any repeal would take action have not been worked out and no timeframe was given.Read full article
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A Press Conference will be held by on Thursday April 26, 2007 at 10:00am by Washington, DC’s House Financial Committee Chairman Barney Frank to discuss the Internet Gambling Regulation & Enforcement Act of 2007. You must understand that Congressman Barney Frank has spent many hours of work in the past, towards repealing this bill which was slipped in at the last moment.Read full article