Barney Frank’s Internet Gambling Legislation Approved[ return to main articles page ]

By: Dan
Published on Sep 16th, 2008
It was a long Tuesday in the House Financial Services Committee, but it was a day that ended on a high note for online poker players around the world. HR 6870, the Payments System Protection Act, was approved by a 30-19 vote, giving the green light for its discussion in the House of Representatives. For Barney Frank, the Chairman of the Committee, it marked his second attempt at halting the regulations of the Unlawful Internet Gambling Enforcement Act. HR 5767, which he introduced in conjunction with Congressman Ron Paul (R-TX), was struck down in Committee in June. This time, his efforts were successful. Let’s check out the results from the hearing this afternoon.

HR 6870 calls for any regulations of the UIGEA to be suspended “except to the extent as any such regulation pertains to wagering of the type that is prohibited (as of the date of the enactment of this Act) under chapter 178 of title 28, United States Code (relating to professional and amateur sports protection).” The bill and an adopted amendment also introduced by Barney Frank would halt banks from allowing betting on professional sports leagues. In addition, they would require that the U.S. Treasury and Federal Reserve must work together with an Administrative Law Judge to formulate a list of what is against the law under the UIGEA. Frank explained, “There has been a great deal of debate on the issue. [HR 6870 is HR 5767] plus an exclusion for sports leagues and a list to be developed.”

Congressman Spencer Bachus, who has been leading the charge against any bill aimed at clarifying the UIGEA, had this to say about HR 6870: “The bill we are considering today reflects a targeted approach and I’m thankful for that. It would at least instruct financial institutions to stop sports betting online. I appreciate the efforts of Chairman Frank to scale back the bill, but I still can’t support it. I implore officials in the Treasury and Federal Reserve to complete the development and implementation of UIGEA rules. These regulations are more than a year overdue. It isn’t too much to ask the executive branch to comply with these regulations.”

Bachus stated that sports leagues informed him that they were in opposition to HR 6870. Congressman William Lacy Clay (D-MO) stated, “I’m alarmed that major league sports would come forward to announce their opposition to the bill. I’m puzzled by their stance especially when you have legal sports books in Las Vegas. I can’t figure out what the difference is between internet gambling and Las Vegas sports books is.” On the UIGEA, he stated, “Sometimes we should be willing to admit when we made a mistake and passed a law that’s unenforceable.”

Frank noted that the legality of internet gambling in the United States is still open to interpretation. He stated that whether betting on horse racing is legal depends on what department you asked. Overall, he summed up his views by adding, “How people spend their leisure time should not be made illegal or encouraged in a free society. If you’re going to [impose restrictions using the UIGEA], you’re hijacking the banking system. If this bill is passed, I would still like to repeal the law. Under this bill, at least the banks will know what is and isn’t illegal.”

An amendment to the bill was introduced by Barney Frank and calls for a laundry list of activities that are and are not legal under the UIGEA to be developed and handed over to financial institutions. It was passed and added to the bill by an oral vote around 2:30pm ET. Another oral vote was taken on HR 6870 with the amendment attached. It too passed, but Congressman Bachus called for a roll call vote, which didn’t occur until 5:00pm ET. HR 6870 formally passed through Committee by a 30-19 vote, marking a landmark day for online poker players everywhere.



Related Article

Frank Introduces HR 6870; Will be Marked Up Tuesday

Comments

  1. <p>Thank God for Barney Frank!  He's a real patriot, imo.</p>
  2. <p>some good news... lets hope the ball starts rolling downhill</p>
  3. <p>barney frank a real patriot...lmao i just spewed coke thru my nose.  1st non moronic thing he has ever backed.</p>
  4. <p>Vote 906: H R 976: In this 265 to 159 vote the House passed an expansion of the State Children's Health Insurance Program.</p>
    <p>Vote 757: H R 1: This amendment to the Homeland Security Act of 2002 was made in order to implement the recommendations made by the 9/11 commission.</p>
    <p>Vote 624: H R 2956: This bill would require the president to begin reducing the number of U.S. troops serving in Iraq 120 days after its enactment and would require most troops to be withdrawn by April 1, 2008. </p>
    <p>Vote 425: H R 2206: This bill would provide funding in Iraq without setting withdrawal deadlines for troops. The bill would provide $100 billion in funding for military operations in Iraq and Afghanistan. This includes emergency supplemental appropriations for the Department of Defense, specifically for operation and maintenance, military personnel, the security forces of both countries and the Defense Health Program. </p>
    <p>Vote 40: H R 6: This bill would repeal tax cuts to oil companies and mandate that they pay a fee to remove oil from the Gulf of Mexico. It would also fund renewable energy programs. The act would repeal a tax break that oil and gas firms received in 2004. That break effectively lowered their corporate tax rates. It would also bar oil companies from bidding on new federal leases unless they pay a fee or renegotiate improperly drafted leases from the late ‘90s. Those leases did not require royalty payments on Gulf of Mexico oil production.</p>
    <p>Vote 32: H R 5: This bill would lower the interest rate on student loans. </p>
    <p>Vote 23: H R 4: This bill would allow the government to negotiate directly with drugmakers for lower prescription drug prices for individuals using Medicare. </p>
    <p>Vote 18: H R 2: This bill would increase the federal minimum wage from $5.15 an hour to $7.25 an hour over two years.</p>
    <p>Yeah what a maroon. Me thinks you're the moron dT. :)</p>
  5. <p>Intersting 1st sentence "It was a long Tuesday in the House Financial Services Committee, but was a day that ended in a high note for online poker players around the world" !!</p>
    <p>But i don't think US laws apply anywhere else than in US ;-)</p>
  6. <p>um, barton, you do realise that  us laws affect the rest of us.  no us poker players = no traffic for online poker.  who am i gonna play against if poker was banned in the us??</p>
    2
  7. <p>Agree with you for the big one : PS, FTP, etc... but you can find many many others with no or few US players ...</p>
  8. <p>having a ton of americans more easily capable of putting money online would be a win for any poker player, no matter where you are.</p>
  9. <p>LOL @ calling the guy a patriot though.  Good news and all, but the word 'patriot' is flung around too much methinks.</p>
  10. <p>JT, you are severely misinformed.  I'm guessing it's a knee-jerk reaction because of Barney's sexual orientation, or you listen to right-wing pundits and ignorant of the reality that it's all just entertainment.  Nice homework MotorCity, you are correct sir and get the gold star.   </p>
    <p>Barney is smart, tough and will stand on principle even when inconvenient or unpopular.  Without his fortitude, the anti-poker forces would have made more gains against us as opposed to us in fact advancing a roll back of this ridiculous ban.</p>
    <p> I have been expecting this to clear committee for the last week or so, glad it finally made it. The biggest complication was on the issue of sports betting.  If we don't seperate the two, it could kill rolling back the UIGEA. Keep in mind that the bill still needs to pass the full House and then Senate.  Probably unlikely to happen this year.  We also need to hope that McCain is not elected because we are unlikely to have his support, and definitely not the support of those who currently have his ear -- religi-cons and neo-cons.  </p>
     
  11. <p>One issue voters ftw.</p>
  12. <p>yeah, one issue voters who don't want to have to go back to working a $7/hr job ftw is EXACTLY RIGHT.</p>
     
  13. <p>MotorCity and Fajzher-Barney Frank is the head of the committee that oversaw Freddie Mac and Fannie Mae.  Regardless of how he's voted on poker or other issues, he's partially responsible for the financial mess we now find ourselves in. </p>
     
  14. <p>''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' </p>
    <p>This was from 2003.</p>
     
 

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