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This also from Nelson Rose;
“Financial transaction provider” is a very broad definition covering everyone who participates in transferring money for illegal Internet gambling. This expressly includes an “operator of a terminal at which an electronic fund transfer may be initiated,” and international payment networks. This covers third party providers, like Neteller.”
“The great unknown is how far into the Internet commerce stream federal regulators are willing to go. The Act requires institutions like the Bank of America and Neteller to i.d. and block transactions to unlawful gambling sites, whatever they are. But, while the Bank of America will comply, Neteller might not, because it is not subject to U.S. regulations. Will federal regulators then prohibit U.S. banks from sending funds to Neteller? And would they then prohibit U.S. banks from sending funds to an overseas bank, which forwards the money to Neteller?”
If I am reading this correct the bill is trying to regulate international banks and such? Is this for real? Doesn’t seem legal. Do the Republicans think they can just force law overseas???
lagunacat wrote:Do the Republicans think they can just force law overseas???The WTO has ruled against the US several times how many of those times has the US listened to the rulings? 0, yes thats correct ZERO.
axl wrote:The WTO has ruled against the US several times how many of those times has the US listened to the rulings? 0, yes thats correct ZERO.There is a section in Rose’s report where he says the bill was rushed through without being read. It seems like many of these lawmakers didn’t read it.
This is from the AP –
http://www.boston.com/news/world/europe/articles/2006/10/02/888_holdings_plc_suspends_us_operation/
lagunacat wrote:There is a section in Rose’s report where he says the bill was rushed through without being read. It seems like many of these lawmakers didn’t read it.This is from the AP –
http://www.boston.com/news/world/europe/articles/2006/10/02/888_holdings_plc_suspends_us_operation/
LOL … they never read them remember the Patriot Act when it was never
read.
:lookaroun
