By earl
The House of Representatives Financial Services Committee has approved an anti-Internet gambling bill, known as the Unlawful Gambling Funding Prohibition Act, which is designed to make it unlawful for banks and other financial institutions to conduct credit card and electronic mail transactions between gamblers and their Internet casinos and other venues.
Because there are differences between this bill and a similar one passed by the House Judiciary Committee on May 6, a floor debate and vote is indicated in the House of Representatives in the near future.
Washington insiders feel that the debate will be hot as the differences between he two bills are ironed out. One foreseen problem is that the Financial Services Committee bill does not call for criminal penalties or the immunization of Internet service providers against liability. This bill, if enacted as written, would also rely on federal, not state, authorities to enforce such a law.
The House of Representatives Financial Services Committee has approved an anti-Internet gambling bill, known as the Unlawful Gambling Funding Prohibition Act, which is designed to make it unlawful for banks and other financial institutions to conduct credit card and electronic mail transactions between gamblers and their Internet casinos and other venues.
Because there are differences between this bill and a similar one passed by the House Judiciary Committee on May 6, a floor debate and vote is indicated in the House of Representatives in the near future.
Washington insiders feel that the debate will be hot as the differences between he two bills are ironed out. One foreseen problem is that the Financial Services Committee bill does not call for criminal penalties or the immunization of Internet service providers against liability. This bill, if enacted as written, would also rely on federal, not state, authorities to enforce such a law.
