Congressman hopeful for Obama win

Congressman Barney Frank has made headlines in the past month for his involvement in the banking bailout bill, but to the world of online gambling he is famous for something else: The Democratic congressman has consistently supported efforts to bring online poker and other games back to U.S. players, after online gambling was driven underground by the 2006 Unlawful Internet Gaming Enforcement Act (UIGEA). If obama wins – Democratic gains in the House and Senate! The bill – which has been signed into law, overturns many UIGEA provisions and provides for the licensing of Internet gambling facilities. However, Frank has been critical of additional Treasury regulations, which he says are *unworkable* and would make banks unwilling to process gambling-related transactions. *With the Obama administration you wouldn’t see these bad regulations*. ….Frank says. (Barney Frank is chairman of the House Financial Services Committee. His district encompasses several suburban communities outside Boston).

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