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Wed, Dec

Barney Frank Tries Again to Get UIGEA Clarified

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Following a failed attempt 10 weeks ago to get his proposed legislation approved that would have forced US authorities to clarify the language used in the Unlawful Internet Gambling Enforcement Act, Congressman Barney Frank is trying once more.

This time, Frank’s Payment System Protection Act 2008 calls for the appointment of an administrative law judge who will force the Federal Bank and US Treasury to determine what can (and cannot) be done under the laws of the UIGEA.

“Chairman Frank is doing the right thing by saying it is unfair to burden US financial service companies with the job of internet gambling police at a time when their undivided attention ought to be on the economy,” read a statement by the Safe and Secure Internet Gambling Initiative. “The reality is that the UIGEA is dangerous to the payments system and unlikely to stop anyone from using the internet to play poker, bet on horses or engage in other types of wagering.”