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Bill to Block UIGEA Implementation Gains More SponsorsMon, May 26th, 2008 @ 12:00am Last week Representatives Steve Cohen (D-TN) and Steven Rothman (D-NJ) added their signatures to the 5 sponsors added the prior week to HR 5767, the legislation to block implementation of the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) which made it illegal for financial institutions to handle transactions between US residents and online poker and gaming operators. HR 5767 was introduced April 10, 2008 to the US House of Representatives by Congressmen Barney Frank (D-MA) and Ron Paul (R-TX), and quickly gained 10 signatures. All seven of these new cosponsors also signed HR 2046, the Internet Gambling Regulation and Enforcement Act (IGREA) Frank introduced April 26, 2007 to legalize and regulate online gambling in the United States. Frank is now focusing on blocking implementation of UIGEA, following an April 2nd hearing (conducted by the House Financial Services Subcommittee on Domestic and International Monetary Policy, Trade, and Technology) that voiced the weaknesses, ill definition and inherent problems with the UIGEA, and echoed concerns raised in over 200 comments received during the government's open feedback period in 2007. Testimony at the hearing given by members of the Banking Industry, frustrated government officials and others demonstrated the inability of government to define transactions that may be illegal, with an already overworked US financial services industry objecting strongly to taking on that role. HR 5767 specifically targets the Treasury Department and U.S. Federal Reserve, to end more work on the regulations to enforce the UIGEA. An official description on the open congress website says: The Bill would prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve from proposing, prescribing, or implementing any regulation under subchapter IV of chapter 53 of title 31, United States Code, and for other purposes. The following congressmen have signed onto the new bill thus far:
HAVE YOU VOICED YOUR SUPPORT? Frank's office continues to encourage supporters to contact their congressmen to voice their support of online poker, saying it's the biggest factor for getting sponsorship and support of the bills. The Poker Players Alliance website offers a contact list and letter template for writing your congressperson (by zipcode) making it quick and easy to even add highly valued personal comments, at www.pokerplayersalliance.org. Alternately click here for a complete contact list and informative profile of all current members of Congress: Senators and members of the U.S. House of Representatives, by zipcode or State. Read Related Articles:
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Moon and Cada Heads-Up, Ivey 7th at WSOP Main Event Final Table After a marathon session at the most esteemed table in the poker world, a 21-year-old and a logger are set to go one-on-one for the World Series of Poker Main Event bracelet.
PokerStars Launches New UK and Ireland Poker Tour PokerStars.com has announced the start of a new poker tour with stops throughout the United Kingdom and Ireland. The UK and Ireland Poker Tour (UKIPT) will kick off in Galway, Ireland in mid-December, and the first event in the UK will be held in Manchester in February.
Peerless Media Agrees to Purchase World Poker Tour Enterprises According to a Monday press release, WPT Enterprises Inc., mothership of the World Poker Tour, is now the rightful property of Peerless Media, Ltd., subsidiary of online giant PartyGaming.
Tiffany Michelle and Maria Ho Hit the Amazing Race Rail After surviving six legs of the Amazing Race by the skin of their teeth, poker pros Tiffany Michelle and Maria Ho were finally eliminated in the CBS reality show's most recently aired episode. Michelle and Ho, the last women standing in the 2008 and 2007 World Series of Poker Main Events, gave reality television fans another chance to watch poker personalities compete away from the felt. Annie Duke garnered quite a following earlier in the year on another reality show competition, NBC's Celebrity Apprentice.
Isaac Baron Dominates Caesars Classic Main Event Isaac "westmenloAA" Baron ran over the final table of the Caesars Palace Classic $5,000 Main Event, amassing a huge chip lead and going home with the $246,928 first prize. It took two long days to narrow the 162-person field to the final ten. A very high percentage of the entrants were recognizable tournament circuit players, and unsurprisingly, the stacked field produced a tough final table lineup.
Tonight- ESPN shows Day Before WSOP Main Event Final Nine are Set- Oct 27 Tonight (Oct. 27) at 9pm ET, ESPN will broadcast highlights of action on the day before the Final Table of the 2009 World Series of Poker (WSOP) Main Event was set. Only 27 players remain when this one-hour show begins.
Frenchman Wins PokerStars EPT Warsaw Poker Tourney At the PokerStars European Poker Tour Warsaw No Limit Texas Hold'em main event that wrapped up yesterday, French businessman Christophe Benzimra finished first taking home 358,644 Euros in prize money, while Italian poker pro Alfio Battisti finished second in the tournament.
Vedes Conquers WPT Festa al Lago Final Table Tommy Vedes is the WPT's newest champion! Vedes outlasted 274 players to win the Festa al Lago title and the $1,218,225 first prize. Freddy Deeb, who began the final table with the chip lead, hoped to win his third WPT title and tie Gus Hansen's record. Instead, Deeb was forced to settle for 4th place, leaving room for a new WPT champ. Click here for in-depth coverage of the action and photos from the final table.
Will Hungarians Get Taxed on Poker Soon? Hungarian lawmakers have plans to tax poker winnings and regulate clubs to generate much-needed revenues during the country's worst economic crisis since the end of communism, reports Germany's Deutsche Weele.
Freddy Deeb Leads World Poker Tour Final Table The WPT Festa al Lago Main Event is down to the final six after five tough days of play. Two-time WPT champion Freddy Deeb brings the chip lead along with the benefit of his under-the-lights experience into Monday's televised final table. Deeb previously won the WPT Season III Aruba Poker Classic and the Season VII Celebrity Invitational. He also owns two World Series bracelets and has amassed over $6 million in tournament winnings. A win on Monday would add $1,218,225 to that total. Click here for photos from the felt and final table chip counts. |
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