US Rep Frank to unveil online gambling bill on Wed

michael777 · May 5, 2009

Tue May 5, 2009 11:20am EDT

WASHINGTON, May 5 (Reuters) - U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.

The new bill would exempt operators that are licensed and regulated from the ban enacted in 2006, Frank said.

The Massachusetts Democrat said his legislation "will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom."

The Frank bill is likely to be opposed by anti-gambling Republicans. The ban was imposed during the Bush administration and has damaged U.S.-European Union trade ties.

European online gambling firms lost billions of euros in value after Congress made it illegal for banks and credit card companies to make payments to online gambling sites.

Republicans controlled the White House and Congress when the law was approved. Now, Democrats are in control in both branches of the government, but it is unclear how the Obama administration will handle the issue.

Companies involved in the issue include PartyGaming Plc (PRTY.L: Quote, Profile, Research, Stock Buzz) and 888.com (888.L: Quote, Profile, Research, Stock Buzz). (Reporting by Kevin Drawbaugh; Editing by Tim Dobbyn)

12thRound · May 5, 2009

Barney Frank to Unveil Online Gambling Bill Wednesday

Barney Frank to Unveil Online Gambling Bill Wednesday

Submitted by Guest on Tue, 05/05/2009 - 12:14.

WASHINGTON, May 5 (Reuters) - U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.
The new bill would exempt operators that are licensed and regulated from the ban enacted in 2006, Frank said.
The Massachusetts Democrat said his legislation "will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom."
The Frank bill is likely to be opposed by anti-gambling Republicans. The ban was imposed during the Bush administration and has damaged U.S.-European Union trade ties.
European online gambling firms lost billions of euros in value after Congress made it illegal for banks and credit card companies to make payments to online gambling sites.
Republicans controlled the White House and Congress when the law was approved. Now, Democrats are in control in both branches of the government, but it is unclear how the Obama administration will handle the issue.
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Countdown until we hear from the Asshole Senator Kyl from Arizona on this. Click the Mouse and Lose the House, right Kyl???

ProPokerPlayer · May 5, 2009

Doesnt matter what Kyl does....Doesnt take even 1 Republican vote to pass anything...But it probably won't see the light of day. You see who is behind it, offshore companies. They cant put any money into any pockets so the NFL's, MLB's , Vegas lobbies will win easily...

maxdemo · Jul 9, 2012

I haven't been following him..(could care less about what he does in his bedroom)...but after this announcement that he is gay... I hope we(gamblers) have someone that might help bring a gambling bill to approval...JMO

boatboatboat · Jul 9, 2012

life is a GAMBLE when you are a rump ranger.

Aids is a bitch.............

charliebrown · Jul 10, 2012

Here is the response I got from my Senator when I wrote her in support of this bill....

Dear Mr. XXXX:

Thank you for writing to express your support for the "Internet Gambling Regulation, Consumer Protection, and Enforcement Act" (H.R. 1174). I respect your opinion on this matter, and I welcome the opportunity to share my point of view.

On March 17, 2011, Representative John Campbell (R-CA) introduced the "Internet Gambling Regulation, Consumer Protection, and Enforcement Act," which would legalize additional types of Internet gambling, including online poker, and establish a system for regulation. This bill has been referred to the House Subcommittee on Financial Institutions and Consumer Credit. To date, companion legislation has not been introduced in the United States Senate.

Although I recognize that you support the "Internet Gambling Regulation, Consumer Protection, and Enforcement Act," I have generally opposed legislation that would expand Internet gambling. In my view, Internet gambling has become too easily accessible to minors, subject to fraud and criminal misuse, and too easily used as a tool to evade state gambling laws.

Again, thank you for your letter. Although we may have different perspectives on this particular issue, I appreciate hearing from you and will be mindful of your thoughts as the debate continues. If you have any additional comments or questions, please feel free to contact my Washington, D.C. staff at (202) 224-3841.

Sincerely yours,

Dianne Feinstein
United States Senator