Republican Duo Oppose Online Gambling Ban Delay

Gambling News - November 6th, 2009 - Written by Glen

The legislators trying to prevent the Unlawful Internet Gambling Enforcement Act from coming into play on December First had called for a delay while the Bills, dubbed the Frank Bills for their author, Barney Frank, moved through Congress. They requested that the December 1st deadline on payment processors be pushed back until the issue could be further discussed, but two GOP members have opposed the plea.

Jon Kyl, senator of Arizona, and Spencer Bachus, representative of Alabama, have written a letter to the Secretary of Tresury and the Chairman of the Federal Reserve Board to inform them of their objection to the twelve month deadline extension that had been proposed.

"It has come to our attention that three associations representing the gambling industry recently submitted a request that the Treasury Department and Federal Reserve delay the compliance date of the Final Rule implementing the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) by an additional 12 months. We are also aware that 19 out of 71 Members of the House Financial Services Committee sent a letter to you in support of this request. We strongly oppose this request and believe that there is no justification for delaying the compliance deadline of the UIGEA regulations," they began in the letter.

Though they claim that there is no justification, supporters of an anti-UIGEA regulatory statute promoting the taxation and regulation of online gambling industry has been hailed as a highly profitable stream of revenue for the state. American money has been going over seas, billions of dollars that could be kept within the United States to help fund programs around the nation.

Democrats within the house are continuing to struggle toward the legalization of online gambling payment processing, which is what has been covered by the UIGEA and subsequently targeted by law enforcement. The UIGEA blocks payment processors, while leaving average citizens free from potential litigation. The anti-UIGEA Bill has already received over sixty co-sponsors, bringing it closer to ratification than ever before.

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