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Leach Bill Scheduled For Mark Up Tommorrow

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  1. Granny Clampett Granny Clampett is offline

    Beverly Hills, CA
    United States

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    Joined: Feb 06

    Mar 14th, 2006 (3/14/2006 11:51am)

    http://financialservices.house.gov/
  2. Ma Zi Yi Ma Zi Yi is offline

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    Joined: Aug 05

    Mar 14th, 2006 (3/14/2006 11:54am) in reply to Granny Clampett

    what does this mean in terms of actually becoming law and such
  3. wowswift wowswift is offline Fold to cash, skeet to win.

    Posts: 22,304
    Joined: May 05

    Mar 14th, 2006 (3/14/2006 12:00pm) in reply to Ma Zi Yi

    basically, in comittee they hold hearings, and deliberate about the bill. then they make a report and give it to everyone...then it goes back to the floor, where they talk about the bill again. then they vote, if it passes it goes to the senate.
  4. Seykota Seykota is offline

    TX
    United States

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    Mar 14th, 2006 (3/14/2006 12:31pm) in reply to wowswift

    http://financialservices.house.gov/n...ase&id=233

    I like this part from 2003, These unregulated gambling sites are a direct pipeline of dollars out of the United States into virtually unknown hands. This factor makes the financial services industry vulnerable to criminal and terrorist activity and Americans citizens vulnerable to identity theft and other personal scams, Rep. Leach said. Internet gambling serves no legitimate purpose in our society and is a danger to family and society at large. It should be ended."

    Interpretation: We haven't figured out a way to tax the shit out of the online gaming companies and potentially the American tax payers. so we'll just make this illegal. We don't like foreign competition especially if it doesn't grease our pockets, so we'll just close off our economies. Good game free markets and self-regulation.
  5. FriedFish FriedFish is offline

    Monmouth Junction, NJ
    United States

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    Mar 14th, 2006 (3/14/2006 1:37pm) in reply to Seykota

    What's the biggest pos move is, they will make it legal to bet horses online. What is the dfference? It's all gambling. I do know that TVG had lost a lot of money in the past, they televise horse racing and take bets. They were owned by TV Guide, I guess if law passes that might spike up their stock price, if it still owns TVG. The horse industry is a big winner if this passes.
  6. Granny Clampett Granny Clampett is offline

    Beverly Hills, CA
    United States

    Posts: 52
    Joined: Feb 06

    Mar 16th, 2006 (3/16/2006 1:55am) in reply to FriedFish

    It passed Wednesday by a voice vote with less than 10 minutes of discussion.

    If 25% of players out here called their Congress people, there is no way this would pass.
    Too many are scared to voice their opinion out of some sort of fear of being tagged as a gambler.

    GG Grandson's
    Thread Starter
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