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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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Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
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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. |
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