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Morningstar: House Considering Ending Ban On Online Gambling

news.morningstar.com — WASHINGTON -(Dow Jones)- The House Financial Services Committee Tuesday will hold a markup of legislation aimed at halting regulations which prevent banks from accepting payments from Internet gambling companies. The move comes as part of two-part strategy by Rep. Barney Frank, D-Ma., chairman of the panel, to regulate rather than ban.....

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  • TheEngineer2008, on 06/24/2008, -0/+7This is a terribly flawed law, both on premise (that we need big government to censor the Internet to protect us from ourselves) and in implementation (no definition of "unlawful Internet gambling" provided to banks, and the idea of forcing banks to enforce this). I hope we'll all call Congress and tell them we support HR 5767 and oppose UIGEA.
  • JohnWilkes, on 06/24/2008, -1/+4Nanny Liberals and Religous Extremist will not tell me if I can play poker in my on house on my
    computer with my money.

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