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| Staff Join Date: Feb 2008
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The 2006 ban of online gambling seems to be weakening as the House Financial Service Committee (HFSC) begins a review of the regulations proposed by the Department of Treasury (DT). Prior to many state bills in past years, Barney Frank, Chairman of the HFSC, believes the hearings will suggest that the ban is futile. The regulations were proposed in order to enforce the Unlawful Internet Gambling Enforcement Act (UIGEA), also known as the 2006 ban of online gambling. The concept of the review was published on October 4th gathering over 200 comments from politicians and interest groups. Many of the responses were questioning the effectiveness of the regulations. "The hearing is going to show - I want to show - that it's not that the regulations weren't done well," said Frank. "It's that they can't be done well given the inherent nature of the issue." Read more of this online gambling article here...
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