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Congressman leads charge to regulate USA online gambling
Congressman leads charge to regulate USA online gamblingPosted: 7/23/2007 8:52:05 PM  Support for Congressman Frank's bid to regulate online gambling in the USA grows July has been a good month for Congressman Barney Frank, Chairman of the influential House Financial Services Committee and author of Bill HR 2046 the Internet Gambling Regulation and Enforcement Act which proposes the regulation and taxation of Internet gambling in the United States instead of banning the pastime. Five more Congressman have signed on to the Bill as sponsors, including Representatives Anthony D. Weiner (D-N.Y.) and Bennie G. Thompson (D-Miss.) who attached their support to the bill July 10, and Representatives Steven R. Rothman (D-N.J.), Michael M. Honda (D-Calif.) and Albert Russell Wynn (D-Md.) who signed up late last week. The addition of the latest representatives grows the current list of co-sponsors to 32, up from the bill's original 11 when Frank first introduced the Act to the House in April. The new sign-ups join the following politicians who have previously signed up to support the Frank bill, which calls for online gambling in the United States to be taxed and regulated by the Financial Crimes Enforcement Network. Alcee L. Hastings
Don Young
Gary L. Ackerman
Howard L.. Berman
James McGovern
Julia Carson
Joseph Crowley
Bob Filner
Luis V. Gutierrez
Peter T. King
Jim McDermott
James McGovern
Charlie Melancon
Ed Perlmutter
Linda T Sanchez
Melvin L. Watt
Shelly Berkley
Michael Capuano
Wm. Lacy Clay
Steve Israel
Carolyn McCarthy
Ron Paul
Ross Carnahan
Ciro D. Rodriguez
Edolphus Towns
Robert Wexler
Vito Fossella Frank's aides have repeatedly said that interested parties calling their political representatives with expressions of support for the Frank bill were having a positive effect in encouraging politicians to re-examine the implications of the Unlawful Internet Gambling Enforcement Act and the alternatives which HR 2046 presents. If passed, Frank's bill will neutralise the Unlawful Internet Gambling Enforcement Act, signed into law by U.S. president George Bush last October. The UIGEA prohibits financial transactions from banks and credit card companies to Internet casinos, poker rooms and sports betting sites, and has been described by Frank and other politicians as "preposterous," "one of the stupidest laws ever passed by Congress" and as an invasion of American personal freedom. Source: Lottery Post Staff
Viva La Chance! Rockville, MD. United States Member #44542 July 30, 2006 1466 Posts Online |
| Posted: July 23, 2007, 10:32 pm - IP Logged |
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Support for Congressman Frank's bid to regulate online gambling in the USA grows July has been a good month for Congressman Barney Frank, Chairman of the influential House Financial Services Committee and author of Bill HR 2046 the Internet Gambling Regulation and Enforcement Act which proposes the regulation and taxation of Internet gambling in the United States instead of banning the pastime. Five more Congressman have signed on to the Bill as sponsors, including Representatives Anthony D. Weiner (D-N.Y.) and Bennie G. Thompson (D-Miss.) who attached their support to the bill July 10, and Representatives Steven R. Rothman (D-N.J.), Michael M. Honda (D-Calif.) and Albert Russell Wynn (D-Md.) who signed up late last week. The addition of the latest representatives grows the current list of co-sponsors to 32, up from the bill's original 11 when Frank first introduced the Act to the House in April. The new sign-ups join the following politicians who have previously signed up to support the Frank bill, which calls for online gambling in the United States to be taxed and regulated by the Financial Crimes Enforcement Network. Alcee L. Hastings
Don Young
Gary L. Ackerman
Howard L.. Berman
James McGovern
Julia Carson
Joseph Crowley
Bob Filner
Luis V. Gutierrez
Peter T. King
Jim McDermott
James McGovern
Charlie Melancon
Ed Perlmutter
Linda T Sanchez
Melvin L. Watt
Shelly Berkley
Michael Capuano
Wm. Lacy Clay
Steve Israel
Carolyn McCarthy
Ron Paul
Ross Carnahan
Ciro D. Rodriguez
Edolphus Towns
Robert Wexler
Vito Fossella Frank's aides have repeatedly said that interested parties calling their political representatives with expressions of support for the Frank bill were having a positive effect in encouraging politicians to re-examine the implications of the Unlawful Internet Gambling Enforcement Act and the alternatives which HR 2046 presents. If passed, Frank's bill will neutralise the Unlawful Internet Gambling Enforcement Act, signed into law by U.S. president George Bush last October. The UIGEA prohibits financial transactions from banks and credit card companies to Internet casinos, poker rooms and sports betting sites, and has been described by Frank and other politicians as "preposterous," "one of the stupidest laws ever passed by Congress" and as an invasion of American personal freedom. This may be the only way to get it back, with the govt's. hands in it. What is your conceptual continuity?
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Florida United States Member #6257 August 8, 2004 1396 Posts Offline |
| Posted: July 23, 2007, 10:44 pm - IP Logged |
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nashville United States Member #50355 February 18, 2007 907 Posts Offline |
| Posted: July 23, 2007, 10:53 pm - IP Logged |
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i stopped playing online poker when they made the us transactions illegal so hopefully this can bring back online sports and poker wagering for me because i dont want to play if i cant get paid
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Wisconsin United States Member #1327 March 27, 2003 1492 Posts Offline |
| Posted: July 23, 2007, 11:41 pm - IP Logged |
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This may be the only way to get it back, with the govt's. hands in it. What a bunch of garbage ! Originally, they pontificated about how their legislation was to "protect" people from financial ruin due to online gambling. Now their true colors come out. All they really wanted was a big piece of the pie ! It's all about the money and how much of it they can get into their coffers to spend! How much you want to bet (even though its illegal at the moment) that they will tax your winnings, but not allow you to deduct your losses? Life is short. So PAY ATTENTION !
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United States Member #8005 October 15, 2004 11201 Posts Offline |
| Posted: July 24, 2007, 8:21 am - IP Logged |
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Here's what happened since UIGEA:
- Frist is gone, as is Leach
- Barney Frank (D-MA, Chairman of the Financial Services Committee) has publicly taken our side. He'll introduce legislation to repeal UIGEA.
- Ron Paul (R) specifically stating he'll support Barney Frank's efforts.
- Shelley Berkley (D-NV) and Jon Porter (R-NV) have proposed legislation to study legalized and regulated online gambling.
- The WTO ruled in favor of Antigua over the U.S. in the issue of the U.S. banning online gaming.
- Banks are bitching about being the UIGEA's enforcers.
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Viva La Chance! Rockville, MD. United States Member #44542 July 30, 2006 1466 Posts Online |
| Posted: July 24, 2007, 9:17 am - IP Logged |
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What a bunch of garbage ! Originally, they pontificated about how their legislation was to "protect" people from financial ruin due to online gambling. Now their true colors come out. All they really wanted was a big piece of the pie ! It's all about the money and how much of it they can get into their coffers to spend! How much you want to bet (even though its illegal at the moment) that they will tax your winnings, but not allow you to deduct your losses? I think the intent is to tax and regulate the gambling operations of internet gambling, not the gamblers. I don't think they will mess with individuals and 1040 reporting. I would prefer that these internet wagering operations be on shore for some degree of recourse. P.S. It has always been about the money, it is funny though that not many are reporting the huge deficit reduction that has occured over the past three years. Even spending like madmen it has come down so much, it may go surplus in less than a year. What is your conceptual continuity?
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Kansas City, MO United States Member #51187 March 13, 2007 59 Posts Offline |
| Posted: July 24, 2007, 11:46 am - IP Logged |
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Do those Democrats know how to do anything besides gripe and raise taxes?
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Wisconsin United States Member #1327 March 27, 2003 1492 Posts Offline |
| Posted: July 24, 2007, 11:49 am - IP Logged |
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I think the intent is to tax and regulate the gambling operations of internet gambling, not the gamblers. I don't think they will mess with individuals and 1040 reporting. I would prefer that these internet wagering operations be on shore for some degree of recourse. P.S. It has always been about the money, it is funny though that not many are reporting the huge deficit reduction that has occured over the past three years. Even spending like madmen it has come down so much, it may go surplus in less than a year. I sincerely hope you're correct. But I've never seen a politician that ever met a dollar he didn't want to spend. Add to that the fact that they are now pushing the limit on the people's backs with their massive and ever-increasing spending, and they are seriously on the lookout for each and everything they can tax. Our own governor wants legislation that will even tax e-cards on the Internet. They really go berzerker when they see something that isn't taxed. They can't stand the idea that there is money "leaking" away from them because they seem to feel that all money is theirs. So it wouldn't surprise me if they end up having the online gambling sights issuing a 1099 form each time a member takes cash out. I'm not sure they can do it with such sites that are not onshore in the USA though. That's one good thing about the Internet. While people can complain that its like the Old West, that's not necessarily a bad thing: it makes it really difficult for government's grubby fingers to grab hold of it..... Life is short. So PAY ATTENTION !
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Wisconsin United States Member #1327 March 27, 2003 1492 Posts Offline |
| Posted: July 24, 2007, 11:51 am - IP Logged |
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Do those Democrats know how to do anything besides gripe and raise taxes?
Yes...they also know how to spend the taxes on all kinds of pork. (and they seem to have taught the Republicans who used to be in power how to do it also...which is why they are no longer in power) Life is short. So PAY ATTENTION !
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