Tuesday, May 05, 2009

legalizing online gambling....new bill will legalize online gambling to regulate it

Advisory: Frank to Hold Press Conference to Unveil Internet Gambling Legislation

Washington, D.C. – Tomorrow, Financial Services Committee Chairman Barney Frank (D-MA) will hold a press conference to unveil legislation that will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom.

The new bill would create an exemption to the Unlawful Internet Gambling Enforcement Act (UIGEA) for operators that are licensed and regulated. UIGEA, which was enacted in 2006, restricts the use of the payments system for Americans who seek the freedom to gamble online.

WHO: Financial Services Committee Chairman Barney Frank

WHAT: Press Conference to Discuss Legislation to Enable Americans to Bet Online WHEN: Wednesday, May 6, 2009

10:00 a.m.

WHERE: Room 2220, Rayburn House Office Building

Reporters who cannot attend the press conference will be able to access a listen-only conference call. For dial-in information and password, email Elizabeth Esfahani at elizabeth.esfahani@mail.house.gov.

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