Barney Frank, chariman of the House Financial Services Committee, is to
introduce new legislation Wednesday that will "enable Americans to bet online
and put an end to an inappropriate interference with their personal freedom,"
according to a press release from the committee.
"The new bill would create an exemption to the Unlawful Internet Gambling
Enforcement Act (UIGEA) for operators that are licensed and regulated," the
release said. "UIGEA, which was enacted in 2006, restricts the use of the
payments system for Americans who seek the freedom to gamble online."
A press conference in Washington, D.C., has been scheduled for Wednesday at
10 a.m., Eastern Daylight Time.
IGamingNews will report as news develops.