UIGEA enforcement delay gives Barney Frank a chance to overturn bill
With just a few days to spare before the UIGEA laws were due to be enforced reports indicate that it will now be delayed a further six months whilst the letters from congressmen and the Poker Players Alliance are addressed.
The legislation was set to come into enforcement on the 1st of December which would have made it illegal for payment processing companies to transfer funds to online gambling accounts but due to the blurriness of the law after it was rushed through by Bush’s government at the end of his term it has been delayed to allow time for hopefully alternatives such as the regulation of the industry to be discussed.
A hearing is set already for the 3rd of December when the Government resumes after the Thanks Giving holiday.
The extra six months now gives the perfect opportunity for the bill to be overturned with the help of Barney Frank who is set to push through a new bill called the HR 2267 which so far has the support of 67 congressmen that will regulate the gambling industry.
The first discussions of this new bill will take place on December the 3rd, Gambling Magazine will keep you up-to-date as things progress.