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The Three Online Casino Bills

There are a bevy of supporters for the US online casino gambling industry who are voicing their concerns that the UIGEA is a flawed piece of legislation that imposes on the personal freedoms of all Americans. There are three bills in place right now that are going through the political motions and if they pass, they would completely turn around the rather ridiculous situation that is now upon US facing online casinos. Barney Frank has spearheaded the efforts and there are three main bills that internet gambling supporters are putting the weight of their influence behind. The three bills all deal with a separate part of the gambling industry and how the legislation needs to be changed in the US.

The hearing for the three online casino and poker related bills has been postponed for months, but the internet gamblers are still prepared to voice their support. The first of the three bills would act as a stopping measure to give the internet gambling supporters a bit longer to actually repeal the UIGEA and pass new legislation. H.R. 2266, the Reasonable Prudence in Regulation Act would delay the prohibition on offshore online casinos and poker gambling for one full year. H.R. 2267, Internet Gambling Regulation Consumer Protection and Enforcement Act, is the main thrust of the internet gambling efforts and provides a legal regulatory framework for the licensing and implementation of internet gambling.

The third bill, H.R. 2268, the Internet Gambling Regulation and Tax Enforcement Act, is a companion to the second act and supports the legalization and implementation of online casinos. This bill though adds an important step to the process by adding the Tax legislation that would be needed to effectively reap the tax benefits from a licensed internet gambling industry.