..

Barney Frank’s Internet Gambling Bill Reaches 50 Co-Sponsors

Written by:
Guest
Published on:
Jul/28/2009
Barney Frank

(Washington, D.C. - July 28, 2009) We are pleased to report that there are now 50 members of Congress signed on as co-sponsors of the Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267), legislation introduced by Rep. Barney Frank (D-MA), chairman of the House Committee on Financial Services

"Reaching this milestone illustrates that momentum is growing for a shift in U.S. policy and a rewrite of U.S. Internet gambling laws," said Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative.  "The list of supporters will continue to grow as more representatives are educated on the subject and increasingly hear from their constituents that Internet gambling regulation presents the only viable way to protect consumers, since attempts to prohibit the activity have completely failed.  We also expect an increased spotlight on Internet gambling as a way to augment federal revenues and help cover the cost of necessary policy initiatives."

Among the bipartisan group of 50 co-sponsors are many senior ranking representatives, including George Miller (D-CA), chairman of the Committee on Education and Labor, John Conyers (D-MI), chairman of the Committee of the Judiciary, Charles Rangel (D-NY), chairman of the Committee on Ways and Means, Edolphus Towns (D-NY), chairman of the Committee on Oversight and Government Reform, Pete King (R-NY), ranking member of the Homeland Security Committee and Ron Paul (R-TX), vice-chairman of the Oversight and Investigations subcommittee.  (A complete list of co-sponsors is included below.)

Rep. Frank's bill would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S. and mandates a number of significant consumer protections, including safeguards against compulsive and underage gambling, money laundering, fraud and identify theft.  Additional provisions in the legislation reinforce the rights of each state to determine whether to allow Internet gambling activity for people accessing the Internet within the state and to apply other restrictions on the activity as determined necessary.  The legislation also would allow states and Native American tribes with experience in regulating gambling to play a role in the regulatory process.

An analysis shows that collecting taxes on regulated Internet gambling would allow the U.S. to capture much-needed revenue in an amount ranging from $48.6 billion (excluding online sports gambling) to $62.7 billion (including online sports gambling) over the next decade.

The following is a complete list of Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267) co-sponsors:

Alaska

Don Young (R At-Large)

Arizona

California

 

Colorado

Connecticut

 

Florida

 

Hawaii

 

Idaho

 

Illinois

 

Indiana

 

Massachusetts

 

Michigan

 

Nevada

 

New Hampshire

 

New Jersey

 

New York

 

North Carolina

 

Ohio

Oregon

 

 

Tennessee

 

Texas

 

Virginia

 

Washington

Gambling News

Where Can I Bet the Jake Paul vs. Ben Askren Fight Online?

Where Can I Bet the Jake Paul vs. Ben Askren Fight Online?

Social media mogul Jake Paul and former UFC fighter Ben Askren are set to fight Saturday night and this one should get plenty of bets.

NFL Inks Sports Bet Deals With Caesars, FanDuel, DraftKings

NFL Inks Sports Bet Deals With Caesars, FanDuel, DraftKings

Once one of the staunchest opponents of allowing people to bet legally on its games, the NFL on Thursday announced deals with three major gambling companies to become official sports betting partners.

Cryptocurrency Use In Africa

For centuries, Africa has been in the shadows of the world and economic growth. As a continent, Africa is home to more than one billion people who are still largely living without basic needs like access to health care, education, and sanitation. As a consequence, the region is in dire need of an economic revolution.

 DraftKings and PGA Tour Team Up for Sports Betting in Arizona

DraftKings and PGA Tour Team Up for Sports Betting in Arizona: Ducey Makes it Official

Arizona Governor Doug Ducey, the grandson of World Wide Tele Sports founder Bill Scott, has officially signed off on the legislation.

No Foreign Born Horses at This Year's Kentucky Derby, Further Uncertainties

No Foreign Born Horses at This Year's Kentucky Derby, Further Uncertainties

Panadol will not be participating in this year's Kentucky Derby.  The UAE Derby runner-up's absense ensures there will be no foreign-born horses in the 2021 race.

Syndicate