Hearing to be held Wednesday on U.S. online gambling

[The Buzz]

The House Financial Services Committee will hold a hearing on Wednesday at 2 pm. on Barney Frank's bill to license and regulate online gambling in the U.S.

The Committee held a hearing back in May about the bill.

PokerNews has a short write-up of what to expect:

In May, Frank had promised a committee markup, or vote, on the bill in July. This will not be that markup, rather an opportunity for discussion and testimony on the legislation.

John Pappas, executive director of the Poker Players Alliance, said it is typical for the committee to hold a hearing prior to a markup and expects a markup to follow next week.

There was one previous hearing on the legislation, referred to as HR 2267, in December. Since then, Capitol Hill has remained largely silent on the topic of Internet poker. In May, Rep. Jim McDermott (D-Wash.) held a hearing on his companion bill to tax the industry in the Ways and Means Committee. Frank testified at that hearing, promising that his bill would receive markup in July.

[Skinski]

Fingers crossed that it goes well!

[Anthony]

We can only hope...

Congress has two speeds: slow and stop

...and they are usually stuck on stop!

[davenewgates]

Here is quite a good thing, if you would take A Look at Wednesday's House Financial Services Committee Hearing:

A committee vote on Barney Frank's bill to license and regulate Internet gambling could come next week.

Also, it is a good thing to note that during the hearing, the US Chamber of Commerce supports Frank in licensing and regulating online gambling, being originally on the opposite side.

[casinogod]

It would be great to see something happen next week but I'm not holding my breath.