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Barney Frank Online Gambling Bill Advancing Soon
WASHINGTON, D.C. --
After a year of interminable delay, it seems that Barney Frank's bill proposing regulation for online gambling may soon be debated in the US House Financial Services Committee. Frank told reporters this week he plans to bring the measure licensing Internet gaming operators up very soon, as chairman of the committee.
"Americans ought to be free to do what they want with their own money," Frank said in an explanation of why he feels the bill is important.
The bill is now facing a deadline, with the dreaded implementation of the UIGEA Internet gamblinmg ban only three months away from its June 1st date. The Treasury Department has already postponed the date six months, and probably would not consider a second postponement after Senator Jon Kyl responded by risking US security in delaying Treasury personnel approvals.
Bipartisan support for the bill is gathering, as over 65 Congressmen have signed on as co-sponsors. Notable Republicans like Peter King and Ron Paul have been vociferous in defense of the need to regulate online gambling and removing the UIGEA prohibition.
"The proper role of the federal government is not that of a nanny, protecting citizens from any and every negative consequence of their actions," said Paul.
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