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Bill Review May Never Come

Congressman Barney Frank has been waiting for years now for a US Congressional hearing over his much supported bill that would neutralize the power of the controversial UIGEA and instead legalize regulate online casinos in the US market. The bill is intended to solve some of the major key issues that crop up in the US as a result of the poorly written UIGEA. Unfortunately though, Frank’s bill has some detractors and there has been a whole lot of action to keep Frank’s counter legislation out of any Congressional hearings; the longer it can be postponed, the more likelihood that the enforcement regulations for the UIGEA will take effect.

There was a ray of hope last week that a Congressional hearing for Frank’s two bills – the one to regulate online casinos in the US (HR 2267) and one that will stop any UIGEA enforcement regulations from taking effect (HR 2266) – was going to occur. Then scheduling issues got in the way and the hearing was cancelled and postponed without another set day – a real bummer to the online casino companies and industry insiders who were really eager to see this bill come to fruition.

Once Congressional hearings do actually happen for the online casino gambling legislation, there are many who assume that it will be the first big step toward approval. The biggest obstacle has definitely been that the bills cannot even get the time of day in Congress, once they do though, the need for a regulated internet gambling industry is fairly obvious.