Online Gambling Bill Gains Momentum | IXGAMES
Congressman Barney Frank’s bill to legalize online gambling is gaining rapid support, with another four congress representatives signing up as co-sponsors last week. Congressional representatives Steve Driehaus (D-Ohio), Jared Polis (D-Colorado), (D-Arizona) and Steve Israel (D-New York) all added their names to the HR 2267 Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would regulate and license non-sports betting online gambling in the United States. The Bill, which would not only legalize Internet gambling, but also lay the framework for regulation of the industry, has been steadily gaining support over the past few months. The Bill now has thirty-four co-sponsors, with eight being added in the past two weeks. Frank (D-MA), who is chairman of the House Financial Services Committee, continues to lead the fight against the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA), which effectively banned Online gambling by outlawing the transfer of funds from financial institutions to gambling websites. Frank is hoping the shift of power in Washington, DC will make his efforts easier, after similar attempts during the Bush Administration’s time in power failed miserably. President Barack Obama has not commented publicly on the issue. Have fun gambling online!!