U.S. Legalisation - movement at last

**jetset** · 25th November 2009, 01:26 PM

MOVEMENT AT LAST - US LEGALISATION BILLS HEARING DATE SET

Barney Frank's bills HR227 and 2266 ready to go

After months of being delayed in the House Financial Services Committee by more pressing economic issues, it looks as if the legalisation of online gambling in the United States is about to come back onstage.

Two bills - HR2267 seeking to legalise and regulate online gambling, and HR2266 proposing to postpone the implementation of the UIGEA regulations by a year - are scheduled for public hearings by the committee in Washington DC on Thursday, December 3rd 2009 at 10 am.

The hearings will be broadcast over the Web with the link on the committee's website, whilst the hearings will be held in Room 2128 of the Rayburn House Office Building, covering HR 2266, the Reasonable Prudence in Regulation Act and HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act. Both proposals were introduced in May 2009 by Congressman Barney Frank, who is also chairman of the House Financial Services Committee.

HR 2266 has 53 bi-partisan co-sponsors, whilst HR 2267 has 63 co-sponsors.

The hearings are the first really major development in the United States legalisation of online gambling since September 2008, when Frank�s HR 6870 was approved by a 30-19 margin, but failed to complete the 110th Congress and lapsed.

The House Financial Services Committee is comprised of 41 Democrats and 29 Republicans, chaired by Massachusetts Democrat Barney Frank.

Strong opposition to any legalisation can be expected from the leader of the Republicans on the committee, Representative Spencer Bachus, long an opponent of Internet gambling.

**Simmo!** · 25th November 2009, 03:46 PM

http://www.c-span.org/Watch/C-SPAN_wm.aspx for those that want a link to watch the session next week

For those that have never watched or listened to the HoR in session it's eye opening and debates are very well organised. Also should be some amusing comments from detractors I would imagine.

We should open up a spread bet on the first time "family values" gets mentioned by a rep from a State with land-based casinos

**lots0** · 25th November 2009, 05:44 PM

My 2 cents...

If your entertained by Hypocrisy... This hearing should be right up there with the music award shows...

**jetset** · 26th November 2009, 05:43 AM

Hopeful sign.

Yesterday, Treasury Secretary Geithner reportedly compromised on the December 1st implementation date for the UIGEA regulations following various petitions from organisations like the PPA, the horseracing industry, individuals and politicians (notable among them this week 6 Kentucky Representatives).

An announcement is expected this week, but it is understood from iMEGA and other sources that the regulations will be postponed for 6 months - a compromise on the 12 months proposed by Barney Frank, but still useful.

**Simmo!** · 26th November 2009, 01:36 PM

Originally Posted by jetset

Hopeful sign.

Yesterday, Treasury Secretary Geithner reportedly compromised on the December 1st implementation date for the UIGEA regulations following various petitions from organisations like the PPA, the horseracing industry, individuals and politicians (notable among them this week 6 Kentucky Representatives).

An announcement is expected this week, but it is understood from iMEGA and other sources that the regulations will be postponed for 6 months - a compromise on the 12 months proposed by Barney Frank, but still useful.

Presumably that means they can spend less time debating the Delaying Bill and more time on the Regulation Bill next week?

**jetset** · 28th November 2009, 06:08 AM

Speaking of which, the Fed and the US Treasury have agreed to postpone the implementation of the UIGEA regs by six months - to June 1st 2010.

**Mousey** · 28th November 2009, 01:49 PM

Got this from the FSDUpdate email...

For Immediate Release:

November 27, 2009

Frank Statement on Implementation of Internet Gambling Regulations

Washington, DC�House Financial Services Committee Chairman Barney Frank today made the following statement after the announcement by the Treasury Department and the Federal Reserve that it would delay implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) for six months:

�The Department of the Treasury and the Federal Reserve Board of Governor�s deserve a great deal of credit for suspending these midnight regulations promulgated by the Bush administration which would curtail the freedom of Americans to use the internet as they choose and which would pose unrealistic burdens on the entire financial community,� said Congressman Frank. �This will give us a chance to act in an unhurried manner on my legislation to undo this regulatory excess by the Bush administration and to undo this ill-advised law.�

**greek39** · 28th November 2009, 04:04 PM

�The Department of the Treasury and the Federal Reserve Board of Governor�s deserve a great deal of credit for suspending these midnight regulations promulgated by the Bush administration which would curtail the freedom of Americans to use the internet as they choose and which would pose unrealistic burdens on the entire financial community,� said Congressman Frank. �This will give us a chance to act in an unhurried manner on my legislation to undo this regulatory excess by the Bush administration and to undo this ill-advised law.�

Love those words so very true.

greek39

**DaveG39** · 4th December 2009, 01:24 AM

Originally Posted by jetset

MOVEMENT AT LAST - US LEGALISATION BILLS HEARING DATE SET

Barney Frank's bills HR227 and 2266 ready to go

After months of being delayed in the House Financial Services Committee by more pressing economic issues, it looks as if the legalisation of online gambling in the United States is about to come back onstage.

Two bills - HR2267 seeking to legalise and regulate online gambling, and HR2266 proposing to postpone the implementation of the UIGEA regulations by a year - are scheduled for public hearings by the committee in Washington DC on Thursday, December 3rd 2009 at 10 am.

Anybody know what happend, or can you post a link? Thanks.