Gambling Regulation HR 2267

Manne wrote: The House Financial Services Committee hearing Washington Thursday attracted some 22 members of the committee and an impressive list of expert witnesses, most of whom appeared to support the concept of regulated online gambling in the United States.

Chairman Frank opened proceedings with a statement in which he said: "The notion that this Congress should tell millions of adult Americans that we know better than they what they should with their own money on their own time on their own computer seems to me to be a very grave error.

The hearing highlighted the success of existing systems and technologies in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft.

Frank ended the hearing by saying the committee would return to the subject next year, presumably for further debate and markup. :thumbsup

Manne wrote: Frank continues to work to overturn UIGEA and he is confident that his bill will be passed in early 2010 with the Democratic president's help and a majority of Democrats in Congress. Frank has 48 Cosponsors for his act to revoke UIGEA and if the bill passed to law means then the online gambling will be regulated perfectly than before and the U.S. government stands to gain substantial tax revenue which may greatly help to uplift the economy.

:dirol

Rebels Devil wrote: Thanks for keeping us posted on what is going on Manne. It keeps me from having to go to multiple location looking for any news on the subject matter.

Manne wrote: The House Financial Services Committee hearing Washington Thursday attracted some 22 members of the committee and an impressive list of expert witnesses, most of whom appeared to support the concept of regulated online gambling in the United States.

Chairman Frank opened proceedings with a statement in which he said: "The notion that this Congress should tell millions of adult Americans that we know better than they what they should with their own money on their own time on their own computer seems to me to be a very grave error.

The hearing highlighted the success of existing systems and technologies in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft.

Frank ended the hearing by saying the committee would return to the subject next year, presumably for further debate and markup. :thumbsup

David_1 wrote: 2010 means for me more gambling :thumbsup