Rep Frank Hopes To Bring Gambling Bill To Floor This Year
21 May 2010
Rep. Barney Frank, the Chairman of the House Financial Services Committee has said that he plans to bring his bill legalizing online gambling before his committee in July and hopes to have it passed by the House this year.
Frank testified before the House Ways and Means Committee on Wednesday in support of a bill by Rep. Jim McDermott, which sets up a framework for taxing online gambling. The committee was hearing evidence for and against such a proposal.
Frank’s two bills would legalize online gambling and then set up the framework to regulate it.
The regulations of the UIGEA bill, passed in 2006, are set to go into effect on June 1. Frank has argued that when those regulations go into effect, they will force the banks and other financial institutions to enforce those regulations and to determine which financial transactions are illegal under the act. This, he argues, will place a great hardship and strain on the banks.
Frank says that he expects the banks to protest loudly that they are being forced to police the online gambling industry.
12 April 2010US Gambling Takes Two Small Steps Forward
The last couple of weeks has seen the online gambling community take several setbacks on the chin. But the latest news is looking rosy for the online gamers. The first is that Rep. Barney Frank’s two bills, HR2266 and HR2267, are going to be heard in legislative hearings before the House Committee on Financial Services on April 16th. HR2266 is seeking to postpone implementation of the provisions of UIGEA for one year.Read full article
15 April 2010Online Gambling Amendment Approved by Massachusetts House
Well give this state a BIG hand!!! Finally one that has come to their senses. Maybe this will lead to more and more doing the same. We can only hope! If we continue to let them know what we want and that is “our Rights”, it will change things. Hot off the press!! 14 April 2010 WASHINGTON, D.C.Read full article
19 April 2010Online Gambling is Half-Way There In Two States
Last week was a good week in relation to online gambling. The State Senate in Florida passed a bill that brings formal cooperation between the State of Florida and the Seminole Tribes casinos. The debate has raged for years, but all that ended with a 29-9 vote. That leaves the ball in the House. They now need to vote on the bill and get it before Governor Charlie Christ. His signature on the bill is virtually certain.The bill legalizes several table games, such as blackjack and baccarat.Read full article