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Frank Internet Gambling Bill Pushed Back
WASHINGTON, D.C. --
Representative Barney Frank has sworn to introduce a bill repealing the UIGEA and regulating online gambling this spring. But apparently a second deadline to produce the Internet gaming measure will pass, as Frank's Financial Services Committee continues to be occupied with laws directly relating to the economic crisis.
Frank had offered the opinion he would be presenting the new proposed gaming rules by the end of March. When that failed to happen, he said the bill would be before Congress between Easter break and the end of April.
But only three days remain in April, and no sign of the Internet gambling bill is at hand. Sources report that further emergency measures relating to the recession have once again taken center stage, putting the online gaming bill behind more pressing concerns.
Predatory credit card company policies have become a major issue for President Obama. With companies jacking up customer rates even as their own interest rates drop, lawmakers are looking at ways to narrow the gap, and perhaps advance the activation of a law set for 2010 regulating credit companies.
“There’s a better chance now for some sort of gaming legislation to be approved. But it took longer than expected to put anti-gaming legislation in place, and it will probably will take longer than expected to remove it,” a casino market analyst told the New York Times.
Capitol Hill insiders say the bill will probably come forward in the next few weeks. Speculation is that resolution and new gaming laws might be in place by the end of 2009.
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