Senator Cornyn,
Thank you for your response . However, I am aware of the UIGEA of 2006.
My email was requesting that you support the legislation proposed by Chairman of the Financial Services Committe, Barney Frank.
There will be a hearing regarding the Bill he introduced on Friday, June 8, 2007 .
I do understand the Federal Governments concern regarding Internet Gambling, however, most testimony in support the 2006 UIGEA represented it as a moral issue. Also misrepresenting the extent of teen addiction and availability of these websites to teens. The problem is that to say it is a moral issue while continuing allow the public to waste billiions on State Lotteries, Land Based Casinos, Horse Racing, and Dog Racing makes it very apparent that the issue has to do with the fact that both State and Federal Government are not benifiting monetarily from online gaming.
The involvement of Teens, is grossly misrepresented. Their involvement is prohibitative from a financial standpoint and reputable online casinos require some form of Identification. While this Identification could be fake, young adults use fake I.D.'s to purchase lottery tickets, and gamble in land based casinos. Most people under 21, college and high school students, simply don't have the funds to gamble with. If they are using their parents credit cards, their parent is not acting responsibly.
Perhaps you should ban these credit card companies from targeting recent H.S. graduates and college students. I have boys 18 (2007 H.S. Grad)and 21(College), the mail box is full of these offers on a daily basis.
That is a huge problem. These companies are preying upon these young adults. They should not be allowed to extend credit to unemployed students without at least requiring a co-signer. Many of these kids are in financial debt due to college costs and these money hungry companies make matters worse. These companies know these young adults have no income to pay monthly payments.
Focus your attention on disallowing marketing of charge cards and check cards to students and those under 21, and these young adults will not have the financial ability to place bets.
If you can't stop the offers, make the debt unenforceable, the offers will stop
Same principle would apply to internet gambling, make the charges unenforceable if players dispute them, and allow banks to reverse the transactions making the merchant responsible, this along with the transactions being illegal, casinos will simply not want u.s players.And processors will not risk processing unenforceable transactions. I believe Australia passed this law.
Lastly, the UIGEA has had the opposite affect of its intent. . It is easy to deposit funds to casinos, but payment of casino account balances to players is near impossible. Since there was no grace period provided to withdraw these funds, casinos and ewallets have trouble returning the players funds. Millions of dollars are being held in casino accounts. Money that belongs to u.s. citizens. The casinos are benefiting from this law. The Act was suppose to prevent the public from from depositing money in casinos, but instead has caused many to lose thousands of dollars while allowing casinos to benefit by keeping these funds in casino accounts. I do not see how that is helping the U.S. public.
If possible can you please forward this email via the appropriate route to the Financial Services Committee or its Chairman, Barney Frank. Unfortunaltely Citizens have no direct link to all members of these committees as many only accept communications from their District.
Thank you,
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From:
SenateWebmail@cornyn.senate.gov
To: Subject: Thank You For Contacting My Office
Date: Wed, 6 Jun 2007 14:51:47 -0400
Dear
Thank you for contacting me about Internet gambling. I appreciate having the benefit of your comments on this matter.
Internet gambling websites operate primarily from foreign countries, even though the majority of customers are Americans. However, placing bets online violates state law; to date no state has authorized people located in the state to place bets with offshore websites. Federal laws also reinforce state gambling laws. The Illegal Gambling Businesses Act, the Travel Act, and the Gambling Devices Transportation Act all transform violations of state gambling laws into federal crimes.
In addition, an amendment was added to H.R. 4954 (the Security and Accountability For Every Port Act) that would prevent the use of certain payment instruments, credit cards, and fund transfers for unlawful Internet gambling, and for other purposes. The Senate and House passed H.R. 4954, and President George W. Bush signed it into law (P.L. 109-347) on October 13, 2006.
I appreciate having the opportunity to represent the interests of Texans in the United States Senate, and you may be certain that I will keep your views in mind as the Senate considers relevant legislation. Thank you for taking the time to contact me.
Sincerely,
JOHN CORNYN
United States Senator
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