June 23rd, 2008
excerpt:
A United States bill targeting the Unlawful Internet Gambling Enforcement Act is scheduled to be amended by the House Financial Services Committee next Tuesday, a process which has already drawn criticism from professional sports leagues and religious conservatives.
Representative Barney Frank, the Massachusetts Democrat who leads the committee, and Representative Ron Paul, the libertarian Texas Republican, jointly introduced HR 5767, now called the Payment Systems Protection Act, on April 11, 2008.
In its current form, the bill would prohibit the Treasury Department and Federal Reserve from “proposing, prescribing or implementing” any regulations under the gambling enforcement act, which requires financial institutions to block online gambling transactions.
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Internet casino and online gambling information – Interactive Gaming News Front Page
Author Contact Info: Christopher A. Krafcik
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