Frank Planning on Proposing Poker Legislation Next MonthCongressman's Legislation Would Repeal the UIGEA if Passed |
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There has been a lot of talk about repealing the Unlawful Internet Gaming Enforcement Act, and Congressman Barney Frank (D-MA) has often been in the center of it. Today, his staff voiced a timeline for a proposed bill.
“The bill introduction should happen in the next month,” a spokesperson for Frank told Reuters. “Mr. Frank will bring back legislation to repeal the UIGEA.”
The UIGEA, passed in 2006 as an attachment to Safe Port Act and finalized last November, makes it illegal for banks, credit-card companies, and payment processors like PayPal to transfer funds from gamblers to online casinos, and vice versa.
While poker players have cried out that the UIGEA is a breach of civil liberties, Frank will also argue that the UIGEA has hurt trade ties with the European Union, according to his congressional aide.
Several EU gambling sites, most notably PartyGaming, were forced to leave the U.S. market once the UIGEA was signed into law.
This is not the first time Frank, the Financial Services Committee chairman, has fought on behalf of the online poker community. He previously introduced the Internet Gambling Regulation and Enforcement Act of 2007, but the bill never made it to the House floor for a vote.
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