April 9th, 2009

Report: New U.S. Internet Gambling Legislation Coming This Month

April 9, 2009 (PAP Newswire) -- A number of media outlets are reporting that the latest version of Barney Frank’s bill to regulate Internet gambling and poker (and hopefully overturn the UIGEA in the process) will be ushered into the U.S. Congress shortly after Easter.

April 20 is a date that has been reported, but that date has not been confirmed. Frank has only stated that he plans to introduce the new legislation after the Easter recess, and "definitely in April".

As reported by Poker News Daily, the new legislation from the Massachusetts Democrat will be a stand-alone bill, and not a rider to other legislation, as some have anticipated. The bill is designed to create a “complete licensing and regulatory framework for the internet gambling industry,” and Frank reportedly wants the bill itself to generate publicity for the cause via “hearings, discussions, and votes.” (This is likely a direct rejoinder to the fact that the UIGEA was passed as a last-minute rider to a homeland security bill, without any time allowed for discussion or independent voting.)

As Chairman of the House Financial Services Committee, Frank has a considerable amount of power in the U.S. Congress, and so his desire to focus attention on the issue will likely see fruition.

Click here to read the original story at Poker News Daily.


POSTED IN: Industry News
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