US House subcommittee debates Internet gambling act - AntiguaSun

Wednesday April 02 2008

by Patricia Campbell

As Antigua and Barbuda awaits a resolution to its World Trade Organisation (WTO) battle with the United States, a related battle is being waged on another front.

Today, a subcommittee of the US House Committee on Financial Services is scheduled to conduct a hearing on the proposed Unlawful Internet Gambling Enforcement Act (UIGEA).

The UIGEA was passed in the US last year, but the regulations necessary to give effect to the legislation have not yet been released.

Those regulations are expected to be the focus of today’s hearing.

Representatives from the US Federal Reserve System, the US Treasury Department, the Credit Union National Association and the American Bankers Association are among those scheduled to testify before the subcommittee on Domestic and International Monetary Policy, Trade, and Technology today.

Read more of this online gambling article here...