LIVE UPDATES - Possible markup session for the Barney Frank bill

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Bachus says this will separate who believes the decision ought to be made by the people and who believes government should make all decisions.

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Bachus is back to 12 year olds buying lottery tickets.

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Frank says he for opt-in for individuals, not states.

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Frank: "Nobody is forced to bet! It doesn't force this decision on anybody."

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Frank:

"This nation that there should be state autonomy over the internet is against everything that everyone here stand for. What about state sales taxes on the Internet?"

"You are setting a very dangerous precedent that your use of the Internet is dependent on state law."

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Franks says the ministers and the bootleggers are coming together to stop this. He's losing patience with Bacca and Bachus.

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Bachus is ok with adults gambling, he says. Bachus says Frank wants to impose this on this states.

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Frank says he doesn't want the states to impose their wills on individuals.

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Bachus just made the arguments that all gambling organizations are evil because the "charity" casino in Macon Georgia didn't give any money to charity.

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Rep. Maffei is opposing the Bacca amendment, because it would create a crazy "quilt" system that's "a stealth way of gutting the bill." Maffei just called Bachus out for suggesting that this bill makes gambling by minors legal.

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Maffei says gambling by minors is illegal today and would continue to be illegal. This bill just gives regulators the tools to address it.

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Rep. Cleaver says he doesn't gamble. But says people should have the freedom to choose. Want a certain percentage of the revenue to go to Gambler's Anonymous.

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The Bacca amendment failed.

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On break until noon.

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Members are filtering back to the committee room. We should be underway shortly.

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Chairman Frank is in his seat, but only a handful of members are in the room.

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We're back in session.

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Rep. Campbell is offering an amendment now that address the administration and enforcement and consumer protection aspects of the bill.

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He wants states and tribal authorities to have parallel authority to administer licenses and enforce these regulations. "No reason to reinvent the wheel" when many states have these structures already in place. It also requires licensees to maintain all of its facilities regarding online gambling for U.S. residents within in the United States. He says you need access to the facilities in order to regulate it. Says it will create jobs. And says all managers have to meet suitability requirements. And it the under UIGEA, financial institutions will have a specific list of legal and illegal gambling transactions.

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It also requires odds of winnings be posted, as well as age verification and location verification. Loss limits involved as well.