0

Barney Frank's Payments System Protection Act Passes Committee Vote

U.S. Congressman Barney Frank's second try at bringing about clarification and restriction to the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) jumped off to a better start than his first attempt when his new measure passed a committee vote on Tuesday. The new measure from Frank (D-MA), the Payments System Protection Act of 2008 (H.R. 6870), cleared Frank's House Financial Services Committee on a 30-19 vote and will now move to the floor of the House for discussion.

Frank's revived measure attempts to limit the reach of the UIGEA to activities already banned under existing federal law, particularly sports betting. According to the bill, the UIGEA would be suspended except for "wagering of the type that is prohibited... (relating to professional and amateur sports protection)." Sites accepting sports wagers would be placed on a list of businesses to be blocked within 60 days of the bill's becoming law. Of particular importance beyond the specifications on sports betting, however, is the bill's requirement that the U.S. Treasury and the Federal Reserve, the agencies responsible for UIGEA oversight, develop strict guidelines as to what is and isn't currently legal under federal law.

The bill passed committee despite last-minute objections from American professional sports leagues and the continuing anti-gambling crusade led in this committee by Rep. Spencer Bachus (R-AL). Several online sources quoted Frank as being disappointed with the objections made by the pro sports leagues, given the language carve-outs specifically included for their protection.

Poker Players Alliance chairman and former Senator Alfonse D'Amato expressed approval at the bill's passage from committee. Said D'Amato: "The PPA is pleased that the House Financial Services Committee today recognized the need to provide necessary clarification to what constitutes 'unlawful Internet gambling' under the [UIGEA] by passing H.R. 6870." Continued D'Amato: "This bipartisan compromise bill will rightfully advance the UIGEA to become immediately effective for such internet gambling that is clearly unlawful, namely sports betting."  
 
 

Related articles

Reader Comments

No comments

Add Your Comment
 

Online poker rooms

PokerStars PokerStars

PokerStars Marketing Code + 100% up to $600 First Deposit Bonus + Exclusive $2k Cash Freerolls running till end 2009 + November Nine Freeroll Series!

Review Start Playing
Full Tilt Poker Full Tilt Poker

Full Tilt Bonus Code + 100% up to $600 First Deposit Bonus + Exclusive $1k Freerolls until Dec 09!

Review Start Playing
Ultimate Bet Ultimate Bet

Exclusive 150% up to $1,600 First Deposit Bonus + $1,215 Freerolls for PokerNews awarding CASH & ticket to $200k GUARANTEED Tourney!

Review Start Playing
OnlyPoker OnlyPoker

110% up to $600 First Deposit Bonus + $9k in Exclusive PokerNews Freerolls!

Review Start Playing
Absolute Poker Absolute Poker

Fantastic 200% up to $500 First Deposit Bonus + Exclusive $1,215 Freerolls awarding CASH & Tickets to $200k GTD Tourney!

Review Start Playing
Sportsbook Poker Sportsbook Poker

Exclusive 100% deposit bonus up to $1000!

Review Start Playing
Carbon Poker Carbon Poker

Stunning First Deposit Bonus of 200% up to $1,000!

Review Start Playing
Bodog Bodog

110% First Deposit Bonus up to $500!

Review Start Playing
PlayersOnly PlayersOnly

110% up to $650 First Deposit Bonus!

Review Start Playing
RPM Poker RPM Poker

200% First Deposit Bonus up to $1,000 + Exclusive Freerolls!

Review Start Playing
Cake Poker Cake Poker

110% up to $600 First Deposit Bonus

Review Start Playing
Advertisement