With the Democrats in the U.S. Congress drafting legislation to repeal a controversial three-year ban on online gambling, Congressman Barney Frank (D-MA) said he will work to see the legislation passed. Frank has been an outspoken critic of the ban from its inception.
"I'm going to be pushing it," he said at a press conference where he presented his agenda for reforming U.S. financial regulation. Opponents of the ban estimate that its elimination could, over a decade, raise more than $50 billion through taxes on online Internet gambling, provided it is regulated.
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