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Barneys Bill - Difficulties in enforcement of the UIGEA on the agenda
4/11/10 - The Safe and Secure Internet Gambling Initiative, an advocacy group pressing for the legalisation and licensing of online gambling in the United States, reports that Congressman Barney Frank’s Reasonable Prudence in Regulation Act (HR2266) and Internet Gambling Regulation, Consumer Protection and Enforcement Act (HR 2267) will be the subject of further legislative hearings in the House Committee on Financial Services next Friday, April 16th.
No markup of either bill is planned, the organisation notes. HR 2266 mandates a one-year extension in industry compliance with the regulations of the UIGEA, while HR 2267 outlines a full framework for licensing and regulating the industry in the United States.
A related bill recently introduced in the House is HR 4976, the Internet Gambling Regulation and Tax Enforcement Act. The bill, introduced by Congressman Jim McDermott, is a companion proposal to HR 2267 and seeks to tax licensed internet gambling operators at a federal rate of 2 percent and a state rate of 6 percent.
Speaking for the Initiative, Michael Waxman said, “This hearing will provide further evidence that UIGEA is a poorly-crafted law that simply does not work. A more common sense approach to protect Americans is required.
"We expect this hearing to provide further impetus for the House Financial Services Committee and Congress to address this issue and move forward Chairman Frank’s regulatory bill.”
Official spokesmen say the discussion will focus on “governmental perspectives” and follows a separate hearing that took place in December. However, a major discussion point is expected to be the difficulty banks will face implementing the UIGEA, which has continued to be much criticised for its lack of precision.
Interested parties can keep track of the proceedings through a live webcast on the official website of the House Financial Services Committee.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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