This happened last night.
Not a fan of Barney----but I don't care who or what congressman takes the steps toward undoing the UIGEA.
Representative Barney Frank has attached his name to Jim McDermott’s revised Internet Gambling Regulation and Tax Enforcement Act as a co-sponsor, it was revealed yesterday evening.
Frank, a US lawmaker who has long been pushing for legislators to overturn the current Unlawful Internet Gambling Enforcement Act, had previously put forward his own legislation, but nevertheless signed on to McDermott’s proposed set of laws.
The major benefits of McDermott’s revised legislation will primarily be reaped by individual states and tribal governments, who will be eligible to receive six percent of any revenue generated by online gambling in their jurisdictions under the new law.
Other co-sponsors of McDermott’s proposed bill included John Larson, Chair of the House Democratic Caucus and Earl Blumenauer – and the new legislation will now partner the Internet Gambling Regulation, Consumer Protection and Enforcement Act that Frank himself offered up last year.
Several industry groups have already put their support behind the new bill following its proposal yesterday, with Beneficial Holdings – a gaming management company – already announcing their support for the Safe and Secure Internet Gambling Initiative.
Not a fan of Barney----but I don't care who or what congressman takes the steps toward undoing the UIGEA.
Representative Barney Frank has attached his name to Jim McDermott’s revised Internet Gambling Regulation and Tax Enforcement Act as a co-sponsor, it was revealed yesterday evening.
Frank, a US lawmaker who has long been pushing for legislators to overturn the current Unlawful Internet Gambling Enforcement Act, had previously put forward his own legislation, but nevertheless signed on to McDermott’s proposed set of laws.
The major benefits of McDermott’s revised legislation will primarily be reaped by individual states and tribal governments, who will be eligible to receive six percent of any revenue generated by online gambling in their jurisdictions under the new law.
Other co-sponsors of McDermott’s proposed bill included John Larson, Chair of the House Democratic Caucus and Earl Blumenauer – and the new legislation will now partner the Internet Gambling Regulation, Consumer Protection and Enforcement Act that Frank himself offered up last year.
Several industry groups have already put their support behind the new bill following its proposal yesterday, with Beneficial Holdings – a gaming management company – already announcing their support for the Safe and Secure Internet Gambling Initiative.
