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Online gambling bill will be introduced tomorrow

Barney Frank (D-Mass.), the Chairman of the House Financial Services Committee, announced today that he will introduce a bill by the end of the week to lift the online gambling ban.

Barney Frank to repeal online gambling banAccording to Rep. Frank, it is none of his business if adults decide to gamble online. He is aiming to lift the illegal online gambling ban which was passed by the Congress last year. His new bill is titled the Internet Gambling Regulation and Enforcement Act of 2007.

The future regulations expected from the ban from last October would put an enormous strain on the US banking system, because the law will make the financial institution police transactions which may be related to online gambling.


Related news:

 Congressman Frank stays the course on the online gambling issue
 Congressman Barney Frank to repeal the US online gambling law




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