Legislators aim to Postpone the Unlawful Internet Gambling Act

Gambling News - October 4th, 2009 - Written by Glen

December will bring the full force of the Unlawful Internet Gambling Enforcement Act, or the UIGEA, but lawmakers are seeking to push that date back. Though the date is rapidly approaching, several lawmakers have introduced legislation to counteract the UIGEA, leading to the a missive to postpone the Act from taking place prior to a sufficient discussion on the advantages of overturning this portion of the Safe Port Act.

The United States is beginning a slow bounce back from the recession that had been gripping the nation, and politicians are claiming that hasty decision to allow the UIGEA to come to a head will further stress the limping economy. Seventeen politicians, including Barney Frank, the spearhead of the movement, sent the message to the Treasury Department.

While the UIGEA does not place an outright ban on Internet gambling, it will limit payment processor's abilities to finalize the transactions involved. Those financial institutions processing said payments will be met with legal ramifications, including, but not limited to, the seizure of funds involved and possible indictments. Recent court decisions have given each individual State the power to decide on how they will proceed with online gaming, but a federal regulatory body would ultimately serve the industry better than an open ended ban.

The Bills aiming to remove the UIGEA are proceeding through congress, albeit at a penguin's pace in the Sahara. It is expected that the Bills will sink or stay afloat before the year is out, but the postponing of the actual UIGEA is a necessary evil should the legislation hope to take hold.

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