Frank Prepares for Online Gambling Hearing on Dec. 3.
Author: Chris // Category: Online Casino News
Congressman Barney Frank continues to beat away at the system in trying to acquire online casino gambling for the entire United States. This has been a difficult challenge the last two years in trying to overturn the 2006 ban by the UIGEA. Throughout the entire process, the Democratic congressman has been working diligently in trying to sway the vote in the favor of the gambling community. On December 31 get his chance to speak in front of the House financial services committee in an attempt to repeal the ban.
The Unlawful Internet Gambling Enforcement Act was put in place in 2006, thereby preventing United States citizens from participating in online casino gambling. In recent months, the police have been strict about cutting down on the number of players who are participating in these illegal activities. Due to the fact that this ban is currently in place, much of the gambling activity is occurring offshore, therefore drawing out more money to outside companies. The last of the United States is facing by prohibiting gambling within the country equates to billions of dollars every year. As the European market continues to thrive on online casino gambling, the future economic growth of the United States could soon be dependent on bringing in those extra dollars.
Frank will hear from the gambling and non-gambling community regarding theInternet Gambling Regulation, Consumer Protection and Enforcement Act (IGRCPEA) and gather the consensus of the valid arguments. The other bill that Frank has proposed is the Reasonable Prudence Regulation Act (RPRA). This act is a call to action to prolong the ban on the UIGEA.
Although gambling has become a very large issue in the political arena, no vote will be held on a Thursday hearing, it will be merely a chance for representatives to voice their opinion on subject matter. At this time Frank is pushing hard in order to legalize online gambling and draw money that is much needed into the United States economy.






