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Several congressional leaders are working to place a moratorium on UIGEA! You can support this effort by writing to Congress. PPA has an auto-letter at www.pokerplayersalliance.org/letter that takes less than 60 seconds to send! Please take a moment and support these efforts. Thanks!
After you send your letter, please reply with "sent" to encourage the effort. -
Here's a new letter from Reps. Barney Frank (D-MA), Ron Paul (R-TX), Peter King (R-NY), and Luis Gutierrez (D-IL) to the Treasury Dept (a similar one went to the Federal Reserve). The letters are at http://www.house.gov/apps/list/press...anke042108.pdf and http://www.house.gov/apps/list/press...lson042108.pdf:
April 21, 2008
The Honorable Henry M. Paulson, Jr.
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Dear Mr. Secretary:
As you know, on Wednesday, April 2, the Committee on Financial Services Subcommittee on Domestic and International and Monetary Policy held a hearing entitled, “Proposed UIGEA Regulations: Burden Without Benefit?” to examine the regulations issued last year by your agency and the Federal Reserve on the Unlawful Internet Gambling Enforcement Act (UIGEA). At that hearing, the testimony of your representatives and the industry made it clear that the regulations are unworkable. Subsequently, we introduced new legislation, H.R. 5767, which would prohibit their implementation.
The regulations, like the underlying legislation, fail to define the term “unlawful internet gambling,” leaving it to each financial institution to reconcile conflicting state and federal laws, court decisions and inconsistent Department of Justice interpretations, when determining whether to process a transaction. Furthermore, some of the information needed to make this determination would likely be unavailable to banks, because customers or financial institutions in foreign jurisdictions will likely be unwilling or unable to provide it. At the hearing, representatives from your agency and the Federal Reserve admitted that there are substantial problems in crafting regulations to implement the UIGEA in a manner that does not have a substantial adverse effect on the efficiency of the nation’s payment system.
Your agency and the Federal Reserve have been struggling to issue these regulations, but as the hearing made clear, the underlying statute makes your job extremely difficult, if not impossible. Given the many other priorities that are pending at your agencies, including the mortgage crisis, HOEPA, and UDAP rulewriting and many other issues, we believe it would be imprudent for you to devote additional agency resources to this Sisyphean task, especially as we intend to vigorously pursue legislation to prevent the implementation of these regulations.
BARNEY FRANK
Chairman
Committee on Financial Services
RON PAUL
Ranking Member
Subcommittee on Domestic and International Monetary Policy
LUIS V. GUTIERREZ
Chairman
Subcommittee on Domestic and International
Monetary Policy
PETER KING
Member
Committee on Financial Services -
<span><span><span>Frank, Paul Introduce Legislation to Stop Implementation of Antigambling Regulations</span></span>
Washington, DC—House Financial Services Committee Chairman Barney Frank (D-MA) and senior Financial Services Committee member Ron Paul (R-TX) have introduced legislation to prohibit the federal government from issuing regulations called for in the called for in the Unlawful Internet Gambling Enforcement Act of 2006. The legislation, H.R. 5767, 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.
“These regulations are impossible to implement without placing a significant burden on the payments system and financial institutions, and while I do disagree with the underlying objective of the Act, I believe that even those who agree with it ought to be concerned about the regulations’ impact,” said Rep. Frank.
“The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own,” said Rep. Paul.
Specifically, at issue is the fact that the regulations, like the underlying legislation, fail to define the term “unlawful internet gambling,” leaving it to each financial institution to reconcile conflicting state and federal laws, court decisions and inconsistent Department of Justice interpretation, when determining whether to process a transaction. Furthermore, some of the information needed to make this determination would likely be unavailable to banks, either because customers or financial institutions in foreign jurisdictions are unwilling or unable to provide it. At the hearing, the regulators themselves admitted that there are substantial problems in crafting regulations to implement the UIGEA that does not have a substantial adverse effect on the efficiency of the nation’s payment system.
Chairman Frank and Congressman Paul opposed the UIGEA, and the two have been working on legislation, H.R. 2046 that would license and regulate online gaming. However, it was clear at the hearing that the regulations are unworkable for the financial services industry, and this bill would, therefore prohibit their implementation.
On Wednesday, April 2, the DIMP Subcommittee held a hearing “Proposed UIGEA Regulations: Burden Without Benefit?” to examine the regulations issued last year by the Federal Reserve and Treasury on the Unlawful Internet Gambling Enforcement Act, which garnered more than 200 comment letters.</span> -
I sent mine.
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Sent!
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sent
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Sent....clicking link above didn't work for me (some ghey pocketfives error...what else is new) but typing in the address worked fine.
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sent. Great work in Poker Legislation BTW
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sentsky
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sentsies
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sent!
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Great job with all the "sends" so far. Thanks!
Also, PPA now has over one million members. Politico has a nice article about it, at www.politico.com/news/stories/0408/9746.html . You can be assured these efforts are generating attention and results. -
I can't believe Barney called him a sisy! ; )
sent -
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sent
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sent.
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Sent mayn
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Sent!
Thanks Engineer for doing so much for our cause. The PPA has made a lot of progress and it is good to see some light at the end of the tunnel. We couldn't do it without people like you and everyone who sends thier letters and supports these actions. Thanks to all p5er's supporting this. -
..could those politicians let people play poker already..ITS THEIR MONEY AND LIFE-nobody gets hurt and its a fun activity btw. Those lameasses forget its still DEMOCRACY ..mind ur own buisness..I hate those idiots gettin off on tellin people how they are supposed 2 live
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