Poker Legislation
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Hopefully this is my last trip to the library to Digg during lunch (my employer filters things like this, and I'm waiting for the new iPhone to get restocked so I can do thi remotely). However,this is a big article in Politico and I wanted to do my best to push it forward. So, please Digg and Twitter. Thanks!
Read/Digg: http://digg.com/d1uWzx
Direct Digg: http://digg.com/politics/Politico_Support_grows_for_online_poker_legislation
Twitter (cut and paste the following): RT TheEngineer2008: 'Politico: Support grows for online #poker legislation' Read/#Digg: http://digg.com/d1uWzx #nation #c4l PLZ RT
Politico: Support grows for gambling law change
Rep. Barney Frank sees the odds improving for repealing a long-sought Internet gambling ban. The chairman of the House Financial Services Committee believes the recent seizure of millions of dollars in online poker receipts only strengthens his hand because it reminds voters and politicians how sweeping — and potentially unclear — the existing law is.
“It helps,” Frank said after the U.S. attorney for the Southern District of New York seized, or froze, $34 million in bank accounts belonging to 27,000 online poker players.
The eloquently acerbic Massachusetts Democrat will spend the bulk of this year helping the Obama administration reregulate Wall Street in response to last fall’s financial collapse. But he also wants another crack at rewriting the ban on Internet gambling.
Even his Republican counterpart, who led a charge last year to defeat legislation gutting the law, believes Frank is holding much better cards in the current Congress than he had in the last one.
“It’s going to be an uphill battle to stop it this time,” said Alabama Rep. Spencer Bachus, the ranking Republican on the Financial Services Committee and a longtime gambling opponent who calls the pastime the nation’s “fastest-growing addiction.”
“We caught them off guard last time,” he said. “This time, they won’t be off guard.”
The question is how far Frank wants to go in rewriting the current law. Banks, credit card companies and other financial institutions he oversees are asking Congress for more clarity in how to police the current ban, since they bear the onus for blocking payments to gambling websites overseas.
Frank, though, introduced legislation last month that goes much further. It would create a licensing and regulatory framework that would allow Americans to play poker and place other bets on government-approved websites — an ambitious proposal that could eventually generate billions of dollars in much-needed revenues for states or the federal government.
Whatever path he pursues, any rewrite faces stiff resistance in the Senate from Jon Kyl, the Arizona Republican who worked for years to enact the current law....
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It is just so darn nice to see the folks on our side expressing confidence and the folks on the other side running scared. Thanks TE, great article! Skallagrim
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Good news. I am proud to live in Barneys home state.
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Yes, it's definitely nice to see our opponents concerned. 
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The forums are full of posts by players being asked by thier banks were their deposits are coming from and most of these are checks from US institutions!!!! To me that is ridiculous asking my bank to police my funds. We already have to deal with the IRS, foreign transaction fees, rake, random enforcement of ancient laws and over zealous attorneys trying to make a name for themselves. All of which interpret the issue however way makes their point.
Please lets get this thing passed and get some consistency one way or the other.
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