The economic crisis throughout the world and in the United States in particular has created a heavy workload for Congressman Barney Frank's House Financial Services Committee, and that unfortunately means that his latest attempt to regulate and licence online gambling in the United States will have to be put on hold until September, the politician's staff advised this week.
The industry has high hopes for HR2267, the Internet Gambling Regulation Consumer Protection & Enforcement Act, which was launched last (May) month and has already attracted political support.
However, it now appears unlikely that the bill will be voted on before the next session of Congress following a decision to delay hearings in the Committee until September 2009.
Confirming the re-scheduling, a spokesman in Congressman Frank's office said that the hearing for the proposal had been postponed until the autumn due to an excessive workload on legalization urgently needed to address the economic crisis and the administration's measures to correct it.