PPA Comments on Barney Frank's Latest UIGEA BillH.R. 6870 Made it Through First Committee Today |
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The Poker Players Alliance is praising Congressman Barney Frank (D-Mass) and his H.R. 6870, the Payment Systems Protection Act, which is designed to remove a considerable amount of stress the banking industry will have to endure thanks to the Unlawful internet Gambling Enforcement Act (UIGEA) by forcing lawmakers to say exactly what the UIGEA should target.
The bill was introduced last week and passed its first test today when a House Financial Services Committee allowed it to take its first legislative step by giving it the opportunity to move forward.
The PPA’s entire statement follows:
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 Unlawful Internet Gambling Enforcement Act (UIGEA) by passing H.R. 6870.
This bipartisan compromise bill will rightfully advance the UIGEA to become immediately effective for such internet gambling that is clearly unlawful, namely sports betting. The legislation also appropriately requires a formal rulemaking, overseen by an administrative law judge, to provide the clarification requested by the Department of Treasury and the Federal Reserve, among others, as to the definition of ‘unlawful Internet gambling.’
Even those who oppose internet gambling should applaud the passage of this legislation as it provides the most realistic opportunity to block truly unlawful internet gambling transactions.
The PPA congratulates the Republicans and Democrats on the House Financial Services Committee on reaching this strong compromise bill, and we look forward to enactment of this sound public policy during this legislative session.
We thank Chairman Frank for his continued leadership on this important issue of protecting individual rights and personal responsibility.
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