Congressmen pushing for regulation instead of imposing sanctions in WTO dispute

[The Buzz]

More on the Congressmen who would rather see the US regulate the I-gaming industry than pay up in WTO dispute ... they're now pressuring the US Trade Representative, who said that the US will change its obligations instead of following the ruling that the WTO came up with.

The Bush administration should explore legislation to roll back a U.S. ban on Internet gambling instead of paying compensation to the European Union and other trading partners, the chairmen of two House of Representatives committees said on Monday.

House Financial Services Committee Chairman Barney Frank, House Judiciary Committee Chairman John Conyers and six other lawmakers criticized the Bush administration's handling of the issue in a letter to U.S. Trade Representative Susan Schwab.

"Your agency has chosen not to consult with Congress, but instead to take what we view as a drastic step which could have significant consequences for the whole WTO (World Trade Organization) system," the lawmakers said.

That from The Guardian ... http://www.guardian.co.uk/feedarticle?id=7087682 ... here's a link to a similar AP story ... http://ap.google.com/article/ALeqM5g...ZgCgAD8T118BG2