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Tag Archives: bills

The Payments System Protection Act (H.R. 6870), approved today by the House Committee on Financial Services, would direct the Department of the Treasury and Federal Reserve System, in consultation with the Attorney General, to appoint a special Administrative Law Judge to define the types of unlawful online gambling and conduct an economic impact study on the costs for compliance. The enactment of the bill would have the practical impact of delaying implementation of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) regulations through a process designed to ensure that the regulations do not impair the functioning of the U.S. payments system, or inappropriately prevent legal online transactions.

Posted on September 18, 2008 by Chris F. Masse

Payments System Protection Act (H.R. 6870) Yet another Barney Frank’s bill. Just a bill, as of today. As I understand it, “wagers on sports” (thru TradeSports, for instance) would still be illegal. Via Internet Week The lobbyists’ blah blah blah. … Continue reading →

Posted in Regulations | Tagged Barney Frank, Betting, bills, Gambling, Internet betting, Internet gambling, laws, Payments System Protection Act, Regulations, UIGEA, Unlawful Internet Gambling Enforcement Act, Unlawful Internet Gambling Enforcement Act of 2006 | Leave a comment
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