Barney Frank introduced new online gambling bill into the U.S. Congress
Internet Gambling Regulation Consumer Protection & Enforcement Act has finally been introduced in the US congress on 6th of May. After much apprehension, Barney Frank, the Chairman of the U.S. House Financial Services Committee insinuated a new legislation in Congress that would not only evaginate the UIGEA (Unlawful Internet Gambling Enforcement Act) of 2006 but would also authenticate a legal gubernatorial schema to authorize online gambling in the United States.
The upcoming bill, commonly referred to as the Internet Gambling Regulation Consumer Protection & Enforcement Act, would give U.S. Treasury Department the ascendancy to administer the way online gambling is carried throughout the nation. The Treasury Department would have the authority to issue or revoke licenses through which this system would be implemented.
Interestingly enough as a side note, Mr. Frank informed the reporters that he will also usher a bill that would suspend the exertion of UIGEA.
The concerned legislation is highly anticipated not only in the United States but also overseas. According to a report, a number of Internet gambling websites have displaced a good amount of Euros because of UIGEA. The legislation has not only constrained trade relations between USA and EU; but has also resulted in the unjustified litigation against European gambling companies like PartyGaming.
It is anticipated that because Congress and White house are now in democratic hands, it might pave the way for the proposed legislation. Nevertheless, nothing can be said for sure right now, as the antagonism to Internet gambling is still quite intense in the US political community.
Spencer Bachus, another representative of the House Financial Services Committee, for instance, has already expressed his opposition to the proposed legislation. “Online Gambling is an illegal business,†he opinionated. “To allow them to operate unrestricted, it would pose a threat to the future of our youth, as they would be accustomed to gambling at a very tender age.â€
Tags: accepting us players, Illegal Internet gambling, illegal online gambling, UIGEA, usa players
