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FIVE MORE SUPPORT BILL ATTACKING UIGEA REGS
17 Washington politicians now support attempt to halt online gambling ban regulationsHR 5767, the recently introduced Congressional bill designed to halt federal officials from further implementation of the controversial regulations underpinning the Unlawful Internet Gambling Enforcement Act, has another five supporters.
The Bill, proposed by House Financial Services Committee chairman Barney Franks (Massachusetts) and Representative Ron Paul (Texas) quickly signed up 11 supporters, who have now been joined by Russ Carnahan (Missouri), Michael Capuano (Massachusetts), Ed Perlmutter (Colorado), Charles Gonzalez (Texas) and Joe Baca (California)
Launching the bill last month, Frank said: “These regulations are impossible to implement without placing a significant burden on the payments system and financial institutions.”
The following Representatives were the first to sign up for HR5767:
Gary Ackerman (D-N.Y.)
Shelley Berkley (D-Nev.)
William Lacy Clay (D-Mo.)
Bob Filner (D-Calif.)
Luis Gutierrez (D-Ill.)
Michael Honda (D-Calif.)
Peter King (R-N.Y.)
James McGovern (D-Mass.)
James Moran (D-Va.)
Robert Wexler (D-Fla.)The Paul/Frank bill seeks to prohibit the Department of Treasury and the Federal Reserve from proposing regulations to enforce the UIGEA ban on Internet gambling financial transactions enacted in late 2006. The controversial legislation has been the subject of wide media comment, Congressional hearings and over 200 critical submissions, mainly from the financial community that will be required to enforce the law. Complaints are that the law is ambiguous, impractical and lacks precision, and that it generates too great a workload for the US financial services industry.
Federal drafting officials have admitted that the regulations, now long overdue more than 18 months after the root legislation was passed, is giving them problems.
Thanks for keeping us up to date Professor… I am glad to see some of our elected officials looking at this delemma from a realistic and rational point of view.
Take notice that most supporters of reform are democrats and with a great likelyhood that a dem will take the presidency this November, it gives us great hope that this B*&lls%$t will finally be behind us.
Russ Carnahan (Missouri) NICE I will have to send a thank you letter to him! His father was a cool buy too was a shame when he died in the plane crash a few yrs ago, I know he would have been on our side.
Yes – always good to be updated. Its got to be just a matter of time before this UIEGA nonsense gets itself sorted. There´ll be more backing soon and it takes just a little tip over the edge for an avalanche of support to come.
Starting in 2009 we will see a reversal of the madness over the last 8 years and a restoration of freedom for Americans. Online gaming will be a benefactor and I predict by 2010 our industry will enter the next hyper growth phase.
Just hang in there and keep developing your access to other markets and you will be handsomely rewarded when things do change.
I could use some good hyper growth
2 more signed up yesterday…
Reps. Steven R. Rothman [NJ-9] and Steve Cohen [TN-9] have joined the effort to put a halt to a law, which no one in government can clearly define. Their co-sponsorship, along with 16 others, brings the total of committed congressional representatives to 18 that have joined with Rep. Barney Frank to stop the madness that the conservative right has forced upon its people.
