Congressman Barney Frank (D-Mass), long a proponent of regulating online gambling, says that he will attempt to have the industry's prohibition repealed.

From Gambling911:

Congressman Frank has told reporter Jenny Woo that legalized online gambling plays an important role in the current U.S. economic crisis.

"I think if we do this right we should make online gaming legal and subject it to a reasonable taxation like anything else," he said. "This does not conflict to our effort to stimulate the economy. This isn't bad for the economy."