UIGEA regulations postponed by six months
Letters sent by the Poker Players’ Alliance as well as other associations concerned with the legislation asked for the law to be delayed one year – this is a nice compromise, it seems.
Barny Frank’s two proposed Internet gambling bills – HR2266 and HR2267 – claimed 53 and 65 co-sponsors. The first would put back the proposals one year to December 1, 2010 but that looks unlikely given these new developments. HR2267, however, is a proposal for a fully licensed and regulated online gambling network in the US. With over 60 co-sponsors, it will make people sit up and listen.
Safe and Secure Internet Gambling Initiative spokesperson Michael Waxman told Poker News Daily: “Chairman Frank is clearly indicating his commitment to switch the government’s position on Internet gambling, replacing attempts to prohibit the activity with a regulatory framework where consumers are protected. Chairman Frank’s commitment is further reinforced by scheduling this hearing and taking up this issue on the heals of the push for financial industry reform, which has been the committee’s exclusive focus the last six months.”
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