Barney Frank seeks to weaken gambling ban

Congressmen Barney Frank, the loudest critic of the Unlawful Internet Gambling Enforcement Act (UIGEA) has introduced a bill with Ron Paul that will weaken the authorities’ ability to enforce a ban on online gambling.

The bill, H.R 5767, targets the financial aspect of UIGEA, and according to Frank, “will forbid the secretary of the Treasury and the board of governors of the Federal Reserve System from proposing, prescribing or implementing any regulation that requires the financial services industry to identify and block internet gambling transactions”.

The Federal Reserve and Treasury officials in Washington have openly admitted that have already found it difficult to draw up regulations that underpin the UIGEA.

"That is something we're really struggling with," said Louise Roseman, director of reserve bank operations and payment systems at the Federal Reserve.

Frank once again reiterated his dismay at the UIGEA.

"I want to get it (UIGEA) undone," said Frank.

"If an adult in this country, with his or her own money, wants to engage in an activity that harms no one, how dare we prohibit it? Adults are entitled to do with their own money what they want."

Editor, - 2008-04-14 10:47:31

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