U.S. online gambling bill coming next week

[The Buzz]

U.S. Rep. Barney Frank, speaking at the Reuters Global Financial Regulation Summit in Washington, said that he will introduce a bill next week aimed at overturning the three-year-old ban on Internet gambling in the U.S.

Frank said the bill was being drafted this week.

From Reuters:

"We'll be introducing it next week and I plan to move on it," said Frank, a Democrat, speaking at the Reuters Global Financial Regulation Summit in Washington.

The bill had been expected earlier, but Frank said his committee has been busy with other measures addressing the credit crisis and proposals to reform financial regulation.

[Anthony]

Now is the time to contact your representatives.

The APCW will begin a campaign to push this bill through, including a letter you can send to congress.

Any suggestions for action are welcome, together lets make it happen.

Join the Fight!

[vinism]

Here's our quick story on this.

Frank to introduce online gambling bill next week

28 April 2009
By Vin Narayanan

Rep. Barney Frank told the Reuters Global Financial Regulation Summit on Tuesday that he would introduce legislation designed to repeal the UIGEA next week.

"We'll be introducing it next week and I plan to move on it," Frank said according to a Reuters report on the story.

Frank, a Democrat from Massachusetts and chairman of the powerful House Financial Services Committee, has long been a champion of the online gambling industry.

Last year, Frank introduced two measures designed to overturn the UIGEA. One bill failed to make out of committee. The other was approved by the committee (HFS), but never voted on by the full House of Representatives.

Opposition to Frank's efforts to overturn the UIGEA is expected to be stiff. The National Football League (NFL) has hired a full-time lobbyist, in part, to help fight the bid to overturn the UIGEA. And social conservatives, like Sen. Jon Kyl and Rep. Spencer Bachus, have indicated they would vigorously fight any attempt to soften or overturn the UIGEA.

[Anthony]

Opposition to Frank's efforts to overturn the UIGEA is expected to be stiff. The National Football League (NFL) has hired a full-time lobbyist, in part, to help fight the bid to overturn the UIGEA. And social conservatives, like Sen. Jon Kyl and Rep. Spencer Bachus, have indicated they would vigorously fight any attempt to soften or overturn the UIGEA.

They are going to have one hell of a fight on their hands!
This will be the time for us all to come together.

[johns1124]

Hopefully, its better then the last bill he proposed. I will say the timing of it is interesting. Im hoping his meaning of the word "Repeal" is not "Regulate". Which may very well kill the affiliate market.