Frank’s Bills to be Heard

by Lou on April 12, 2010

Representative Barney Frank (D-MA), who has been trying to overturn the Unlawful Internet Gambling Enforcement Act (UIGEA) since its 2006 enactment, will have two of his bills heard by the House Financial Services Committee, which he chairs.

These two bills, the Reasonable Prudence in Regulation Act, and the Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 were introduced last year, and although they’ve attracted a lot of attention and a goodly number of cosponsors, no real action on them has been taken thus far.

These bills propose to overturn UIGEA awhile regulating and licensing Internet gambling in the US. Frank’s biggest obstacle may be the clock. UIGEA’s rules were set to take effect last December but a delay in implementing them was granted until June 2010.

While passage of Frank’s legislation still seems a long shot, UIGEA’s regulations are no less confusing and ambiguous as they were six months ago.

Comments on this entry are closed.

Previous post:

Next post: