Online Gambling Ban Hearing: December 3Published November 26, 2009 by OCR Editor
UIGEA regulations to take effect two days prior to hearing.
The Unlawful Internet Gambling Enforcement Act (UIGEA) regulations will take effect in the US on December 1. Chairman of the House Committee on Financial Services, Rep. Barney Frank (D-MA) has scheduled a hearing on December 3.
Testimony on repealing the ban will be the subject of the hearing. The opinionated and quite colorful Frank will lead the questioning.
The Congressman has introduced two challenging bills earlier this year - the Internet Gambling Regulation, Consumer Protection and Enforcement Act (IGRCPEA) and the Reasonable Prudence Regulation Act (RPRA).
His stated goal is to set up a regulated online gambling market (the IGRCPEA bill) and delay the UIGEA regulations by one whole year (the RPRA bill).
Though the hearing will not result in a policy altering decision, and not even a vote, it is much anticipated by the online gambling community, one year into the Obama administration.