Bills Look to Overturn Online-Gambling Ban

[Shame About Ray]

WASHINGTON -- A senior House Democrat introduced bills Wednesday that would suspend rules banning Internet-based gambling and seek to regulate it instead.

A third bill introduced by a Democratic member of the Ways and Means Committee would ensure that online gaming companies would start paying taxes to the U.S.

According to a recent study from consultancy PricewaterhouseCoopers, the U.S. Treasury could stand to gain $48.6 billion annually by taxing online-gambling companies.

This is the second consecutive year that the bills have been brought forward, in an attempt to undue a move in the last days of the Republican-controlled Congress in 2006 to ban Internet gambling.

House Financial Services Chairman Barney Frank said Wednesday at a news conference introducing his bills that he hadn't spoken to either House or Senate leadership nor to the Obama administration about the bills. But he said he planned on pushing the legislation through his committee before Congress breaks in August.

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this was in today's wall street journal, the word is getting out boyz, the word is getting out!!!!

It won't be long now!