Home manage Las Vegas Review-Journal
  Jobs Cars Homes Shopping Travel Weddings Golf Best of Las Vegas Photo   Search:

RECENT EDITIONS
Wed Thu Fri Sat Sun Mon Tue

Business


Vote ahead on bill for Net betting

WASHINGTON -- A House panel is scheduled to vote Tuesday on a new bill that would require federal agencies to define unlawful Internet gambling so banks and other financial institutions can comply with the ban against online wagers.

Just introduced late Thursday, the bill calls for the Department of Treasury and the Federal Reserve to consult the U.S. attorney general's office in creating a formal process to make the definition.


Most Popular Stories
  • REAL ESTATE: Housing analyst predicts increase in sales, median price in the coming year
  • REAL ESTATE: Housing analyst predicts increase in sales, median price in the coming year
  • SOUTHERN NEVADA ECONOMY: Survey says recession's worst has passed for Las Vegas
  • Blue Heron remains aloft with custom features
  • Rental housing prices down 8.2 percent in Las Vegas
  • Rental housing prices down 8.2 percent in Las Vegas
  • UFC investment won't be used to help bail out Station Casinos, owners say
  • UFC investment won't be used to help bail out Station Casinos, owners say
  • Penn National maintains interest in Strip property
  • Penn National maintains interest in Strip property
  • INSIDE GAMING: 'Total nonsense' makes a lot of sense
  • Harrah's gets preliminary approval to acquire Planet Hollywood
  • Harrah's gets preliminary approval to acquire Planet Hollywood
  • Upbeat start for furniture mart
  • HOUSING CRISIS: Extra staff to fight foreclosures
  • HOUSING CRISIS: Extra staff to fight foreclosures




  • The bill is the latest move by Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, to clear up confusion about how to enforce the ban since President Bush signed it into law in October 2006.

    Frank strongly opposes the ban.

    Federal officials have told lawmakers they are having trouble enforcing the ban because the law does not clearly define what constitutes illegal gambling over the Internet.

    "Chairman Frank is doing the right thing by saying it is unfair to burden U.S. financial service companies with the job of Internet gambling police at a time when their undivided attention ought to be on the economy," said Jeffrey Sandman, a spokesman for the Safe and Secure Internet Gambling Initiative, a coalition of online companies that opposes the ban.

    In April, Frank introduced legislation to prevent the Treasury and Federal Reserve from crafting the gaming regulations entirely.

    That bill stalled on June 25 after the committee deadlocked on a 32-32 vote.

    Frank spokeswoman Heather Wong said the new legislation differs from the previous bill by:

    • Permitting a ban on sports betting without a formal rule-making process.

    • Condensing the process of defining the ban into a single stage.

    • No longer requiring the Treasury Department to compile a list of unlawful Internet gambling businesses.

    Contact Stephens Washington Bureau reporter Tony Batt at tbatt@stephensmedia.com or 202-783-1760.

    Newsvine Digg Fark Technorati reddit StumbleUpon del.icio.us Slashdot Propeller Mixx Furl Twitter MySpace Facebook Google Bookmarks Yahoo! Bookmarks Windows Live Favorites Ask MyStuff myAOL Favorites

    Leave Your Comment 0 Reader Comments
    Terms & Conditions
    The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

    Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.
    Current Word Count:

    Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background.