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Gaining Needed Support

Congressman Barney Frank and Representative Ron Paul introduced Congressional Bill HR 5767 just last month and are now in the process of gaining political support for the bill. The highly controversial Unlawful Internet Gambling Enforcement Act (UIGEA) effectively banned foreign online casinos from operating in the U.S. gambling market. Now more than a year and a half later, the UIGEA is still floundering…a Congressional hearing last month largely indicated that the regulations drafted to support the UIGEA were flawed and that the Act is entirely unenforceable as written. HR 5767 is a time sensitive piece of legislation that would stop the federal government from continuing to draft supportive regulations for the UIGEA – stopping the regulations is the first step toward reversing or neutralizing the 2006 offshore online casino gambling ban.

The latest news on HR 5767 indicates that the bill is slowly gaining support (largely democrats at this point). With the two new representatives announced just yesterday, the bill has 19 supporters. Many in the online casinos industry also assume that the 40+ sponsors on Frank’s previous legislation, the Internet Gambling Regulation and Enforcement Act (IGREA) will similarly support Frank’s latest effort to halt the enforcement of the UGIEA in the U.S.

The bill is very new at this point and there is every indication that HR 5767 will continue to gain political support throughout the summer. Unlike his other bill, IGREA, HR 5767 is time sensitive considering the Department of Treasury and the Federal Reserve are currently looking to finalize the online casino gambling ban’s enforcement regulations. The up-to-date list of supporters for HR 5657 include:

Gary Ackerman (NY)
Shelley Berkley (NV)
William Lacy Clay (MO)
Bob Filner (CA)
Luis Gutierrez (IL)
Michael Honda (CA)
Peter King (NY)
James McGovern (MA)
James Moran (VA)
Robert Wexler (FL)
Russ Carnahan (MO)
Michael Capuano (MA)
Ed Perlmutter (CO)
Charles Gonzalez (TX)
Joe Baca (CA)
Steven R. Rothman (NJ)
Steve Cohen (TN)