Rep. Frank to initiate online gambling bill next week

Rep. Barney Frank related the Reuters Global Financial Regulation Summit on Tuesday that he would initiate rules planned to revoce the UIGEA next week.

“We’ll be announcing it next week and I plan to step on it,” Frank said according to a Reuters report on the story.

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

Last year, Frank announced two measures planned to overthrow the UIGEA. One bill flopped to make out of committee. The other was approved by the committee (HFS), but never voted on by the full House of Representatives.

Eventially, betting blackjack,betting poker and betting roulette online will be legal.

Opponents to Frank’s attempts to overthrow the UIGEA is predictable to be hard. The National
Football League (NFL) has employed a full-time lobbyist, in part, to help contest the bid to overthrow the UIGEA. And social conservatives, like Sen. Jon Kyl and Rep. Spencer Bachus, have
suggested they would forcefully fight any effort to moderate or overthrow the UIGEA.

Comments are closed.

Our Pick
#1 Rich Casino
Rich Casino - Get $3333 Free Bonus Review
Visit
Up to $3333 in promotions
Great bonus deals
US players accepted.
#2 Win Palace
Review
Visit
Up to $1000 in promotions
Great bonus deals
US players accepted.
#3 21 Dukes
21Dukes Casino - Get Up to $1450 on your first 3 deposits! Review
Visit
Up to $1450 in promotions
Great bonus deals
US players accepted.
#4 Club USA
Review
Visit
Up to $777 in promotions
Great bonus deals
US players accepted.
#5 Jackpot Grand
Review
Visit
Up to $2000 in promotions
Great bonus deals
US players accepted.