Congress Moves to Suspend Internet Gambling Ban - PR Newswire (press release)

The Safe and Secure
Internet Gambling Initiative (SSIGI) announced its support for new
legislation, H.R.5767, that would prohibit the Department of the Treasury
and Federal Reserve System from proposing, prescribing or implementing any
regulations related to the current ban on Internet gambling, as required by
the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The bill
was introduced yesterday by Reps. Barney Frank (D-Mass.) and Ron Paul
(R-Texas).

"The Frank-Paul bill would stop the U.S. government from taking any
further steps on regulations that would require all of the country's
financial institutions to block Internet Gambling payments," said SSIGI
spokesman Jeff Sandman. "It's a bold move, but a necessary one, in light of
the warnings from the Treasury and Federal Reserve that they did not know
how to write regulations to solve the problems created by UIGEA.

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