The House Financial Services Committee on Thursday will discuss legislation introduced by Chairman Barney Frank (D-MA) that would regulate online gambling within the United States.
The hearing, scheduled to begin at 10:00 AM EST in Room 2128 of the Rayburn House Office Building, will feature testimony from leaders in the fields of online security and consumer safety. Top experts are expected to describe how existing systems and technologies have proven successful in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft, according to the Safe and Secure Internet Gambling Initiative, an organization that promotes the freedom of individuals to gamble online with the proper safeguards to protect consumers and ensure the integrity of financial transactions.
"This hearing will provide further evidence on the ability to effectively regulate Internet gambling and require licensed operators to utilize already-proven technologies to protect consumers," said Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative. "It's expected this hearing will answer any outstanding questions and pave the way for a vote in the committee on Chairman Frank's legislation."
The hearing, scheduled to begin at 10:00 AM EST in Room 2128 of the Rayburn House Office Building, will feature testimony from leaders in the fields of online security and consumer safety. Top experts are expected to describe how existing systems and technologies have proven successful in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft, according to the Safe and Secure Internet Gambling Initiative, an organization that promotes the freedom of individuals to gamble online with the proper safeguards to protect consumers and ensure the integrity of financial transactions.
"This hearing will provide further evidence on the ability to effectively regulate Internet gambling and require licensed operators to utilize already-proven technologies to protect consumers," said Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative. "It's expected this hearing will answer any outstanding questions and pave the way for a vote in the committee on Chairman Frank's legislation."
