Says Rep. Barney Frank, D-Mass., who chairs the House Financial Services Committee.
But Niall O’Connor of Betting Market thinks that Barney Frank’s Bill fails to live up to hype.
[...] The scope of the Act is more limited than many believed, and, indeed, hoped for. It by no means represents a green light to allow offshore gambling companies back into the US; indeed, if anything, it is more likely that it will favour incumbent operators. [...]
[...] Frank acknowledged that the Democratic leadership of the House likely would not support it. The Bush administration also could be expected to oppose the legislation. [...]
