House Committee Held Hearing on Bill to Repeal U.S. Ban on Internet Gambling
On July 21, 2010, the House Committee on Financial Services held a hearing on HR 2267: the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, which was introduced by Chairman Frank. According to Representative Ron Paul, the bill would repeal…
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the U.S. ban on Internet gambling and establish a process to ensure that gambling sites can comply with existing laws, and thus offer their services to adults who wish to gamble online. (Note that the Unlawful Internet Gambling Enforcement Act of 2006 was codified by Treasury and the Federal Reserve in a 2007 joint final rule that prohibits the funding of unlawful internet gambling. In addition, U.S. online gambling restrictions has been the subject of a WTO dispute.)