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An open letter written by four Republican Congressman to the heads of the Federal Reserve Board and U.S. Treasury calls for a more “deliberative” approach for crafting regulations for the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) and strongly urges that a formal definition of “unlawful internet gambling” itself be finalized before the law’s required rules are placed into effect.

In the July 25th letter, addressed to Henry M. Paulson, Secretary of the Treasury, and Ben S. Bernanke, Chairman of the Board of Governors of the Federal Reserve System, the four Republican Congressman — Judy Biggert (R-IL), Jim Gerlach (R-PA), Christopher Shays (R-CT) and Kevin McCarthy (R-CA) – proclaim their continuing support for UIGEA but assail the bill’s “vague language” and undue regulatory burden on affected industries, especially small businesses.

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Four Republican Congressman call for UIGEA ‘Unlawful Internet Gambling’ Clarification | Poker News

Author Contact Info: Haley Hintze, PokerNews.com

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