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  1. #1
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    Default Good Start for Frank's Bill

    Dozens of sponsors and a ton of media coverage signal a promising start to Barney Frank's latest drive to overturn the UIGEA

    From the CAP News page:

    May 28, 2009 (CAP Newswire) -- Riding high on an exclusive profile in the New York Times over the past weekend, as well as a surge of popularity in other news media and blog outlets across the gaming world, Barney Frank’s anti-UIGEA legislation, The Internet Gambling Regulation, Consumer Protection, and Enforcement Act, is off to a promising start.

    While the New York Times article is more of an informational piece that spends just as much time talking about the opposition than actually describing what the new bill would do, other news stories have been far more positive. The bill’s overall chances are seen as being very good so far, with almost two dozen sponsors already signed on -- a far better start than Frank’s past attempts.

    “Also signing onto the bill is Jim McDermott (D-WA), whose Internet Gambling Regulation and Tax Enforcement Act (HR 2268) was introduced on the same day as HR 2267,” writes Tom Jenkins at Poker News Daily. “The bill, which is similar to a measure introduced last year, calls for 2% of internet gambling deposits to be taxed, raising money for the Federal Government in the process. Frank is HR 2268’s lone co-sponsor, as the two pieces of legislation are companion bills. Steve Cohen (D-TN) is also a co-sponsor of HR 2267. ...

    “Other co-sponsors of HR 2267 include Gary Ackerman (D-NY), Tim Bishop (D-NY), Mike Capuano (D-MA), Andre Carson (D-IN), Joseph Crowley (D-NY), Bill Delahunt (D-MA), Luis Gutierrez (D-IL), Alcee Hastings (D-FL), Jim McGovern (D-MA), George Miller (D-CA), Tom Perriello (D-VA), Gregorio Sablan (D-MP), Robert C. Scott (D-VA), and Melvin Watt (D-NC).”

    The chances of the bill’s success also lie in the effectiveness of the opposition. Perhaps the best-known opponents are Christian-focused organizations and professional sports leagues. However, many members of the traditional land-based gambling industry are also opposed to online gambling legalization, fearing that the increased competition will further damage their already-suffering bottom lines. (Which makes the recent news that Harrah’s supports Frank’s bill all the more significant. Read about that here.)

    Many eyes are now focused on Harry Reid, the U.S. Senate Majority Leader. Reid is a Nevada politician who, like all Nevada politicians (it is said), relies on support from casinos to retain political power. And, as Majority Leader, he also holds a lot of influence; whether he decides to support or oppose the bill will likely play a large role in whether or not it succeeds. And whether or not he supports the bill may ultimately be the decision of the land-based casinos so powerful in his home state. Let’s just hope they take Harrah’s forward-looking attitude, and embrace online gambling instead of trying to outlaw it.

    Read the New York Times article here; read the Poker News Daily article here. An interesting analysis of Harry Reid’s role in the situation can be found here.
    Nathan - CasinoAffiliatePrograms.com Staff
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  2. #2
    Moderator - Big Kahuna Dominique's Avatar
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    This is indeed getting more and more interesting...
    dominique




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  3. #3
    Senior Member ixian's Avatar
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    Default How long?

    How long does this process take before the bill approved or dumped?
    People who think they know everything are a great annoyance to those of us who do.
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  4. #4
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    It varies, Ixian. The normal process is to introduce it into a House committee (which Frank has already done). If it wins the committee vote, it gets introduced into the full House of Representatives. If it wins that, it goes to the Senate. If it wins the Senate vote, the final step is to get signed (or vetoed) by the president.

    And for each of these steps, it usually gets rewritten and/or combined with other legislation.

    All this can take months, or it can take days, depending on whether the Congress deems it a priority. This bill is a bit of a harder sell, so Frank is taking time to gather up support rather than rush it straight through a Congress that may not be ready for it yet. But if it's still making the rounds when Congress retires at the end of the year, it expires.

    You can follow the progress of Frank's bill here:
    http://www.govtrack.us/congress/bill.xpd?bill=h111-2267

    And you can follow McDermott's bill, which also focuses on regulating online gambling, here:
    http://www.govtrack.us/congress/bill.xpd?bill=h111-2268
    Nathan - CasinoAffiliatePrograms.com Staff
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  5. The Following User Says Thank You to Nathan For This Useful Post:

    Dominique (05-29-2009)

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