Washington (Reuters) - The U.S. Treasury Department and the Federal Reserve issued a final rule on Wednesday aimed at stopping illegal Internet gambling, two days after a leading Democratic lawmaker called for a delay because of the problems he said it would cause for banks. The regulation pleased Republican lawmakers, who still controlled the Congress in 2006 when it passed the Unlawful Internet Gambling Enforcement Act.

Rep. Barney Frank (D-Mass.) has asked Treasury Secretary Henry Paulson to postpone issuing regulations opposed by banks and other financial groups that would implement a ban on Internet gambling. The “midnight rulemaking” would “tie the hands of the new administration, burden the financial services industry at a time of economic crisis and contradict the stated intent of the Financial Services Committee,” Frank wrote in a letter to Paulson and Ben Bernanke, the chairman of the Federal Reserve.

Der US-Abgeordnete Barney Frank hat seine Klarstellungen und Einschränkungen im Bezug auf den 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) erneut zur Abstimmung vor das Komitee gebracht und dieses mal scheint der Zeitpunkt günstiger gewesen zu sein, da seine Vorschläge bei der Abstimmung am Dienstag vom Komitee angenommen wurden.

Among five bills scheduled for a vote this week by the House Financial Services Committee is a new version of the Payment Systems Protection Act introduced September 11 by Representative Barney Frank. As was its predecessor, that bill is intended to respond to the concerns of the Credit Union National Association (CUNA) and many others in the financial services industry...

Der US –Abgeordnete Barney Frank (D-MA) hat den "Payment Systems Protection Act of 2008" wieder vorgestellt und möchte dieses Gesetz im Rahmen seiner Bemühungen den UIGEA außer Kraft zu setzen, wieder einführen. Frank, der Leiter des einflussreichen Finanzkomitees im US-Amerikanischen Parlament, hat den UIGEA als das dümmste Gesetz, welches jemals in Kraft getreten ist bezeichnet.

While attending a recent celebrity poker tournament near the Democratic Convention in Denver, Representative Barney Frank did not act defeated regarding the failure of his bill to prevent the enforcement of the UIGEA to escape committee. In fact, Frank told reporters that the law would pass in 2009 under a Democrat-controlled Congress. This news was met with hope by all online gambling fans, as well as purists for individual freedom.

Republican presidential candidate Ron Paul and House Financial Services Panel Chairman Barney Frank to present legislation that would block implementation of the anti-online gambling law. In another development to a rapidly developing story that might be entitled "gambling rights vs. government involvement," Republican libertarian Paul and Democrat Frank, who last year introduced legislation to legalize and regulate online gambling, are now working together to take a stand against the Unlawful Internet Gambling Enforcement Act, this time from a different angle.

Congressmen Barney Frank and Ron Paul have introduced new legislation in the United States to prohibit the Department of the Treasury and Federal Reserve System from proposing or implementing regulations that would enforce the Unlawful Internet Gambling Enforcement Act (UIGEA). Earlier this month, the House of Representatives Subcommittee on Domestic and International Monetary Policy, Trade and Technology, heard expert testimony from the US Treasury, Federal Reserve...

Washington - Congressman Barney Frank (D-MA), chairman of the House Committee on Financial Services, will hold a hearing in early April to explore the burden on U.S. financial institutions to comply with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The law was intended to deter illegal Internet gambling activity. Meanwhile, support for legislation that would regulate Internet gambling continues to gain momentum...