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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (104710)	7/25/2006 12:15:19 PM
From: Pogeu Mahone	Read Replies (3) \| Respond to of 132070

Mike What do you think the chances of this bill passing? U.S. House Passes Internet Gambling Bill Legislation, if agreed to by Senate, would require banks to block your online gambling payments. Grant Gross, IDG News Service Tuesday, July 11, 2006 WASHINGTON -- The U.S. House of Representatives today passed legislation that would ban most forms of Internet gambling and require banks to develop systems to block their customer's transactions to gambling Web sites.By a 317 to 93 vote, the House approved the Internet Gambling Prohibition and Enforcement Act, sponsored by Representatives Bob Goodlatte, a Virginia Republican, and Jim Leach, an Iowa Republican. The bill amends the 1961 Wire Act, which prohibits gambling using telephone wires, to include Internet gambling as a prohibited activity. The bill, which would have to pass through the Senate before becoming law, allows states to continue to regulate gambling within their borders. What's in the Bill? The bill, opposed by a new group called the Poker Players Alliance, would increase criminal penalties for gambling businesses that settle Internet wagers with credit cards, checks, or fund transfers, and it would require financial institutions to create systems for blocking payments to gambling sites. The bill allows states to continue to regulate gambling within their borders. The bill is an attempt to stop U.S. gamblers from spending "over $6 billion a year [at] illegal, untaxed sites," Goodlatte said on the House floor. He called Internet gambling a "cash cow" for offshore gambling businesses. The Poker Players Alliance has criticized the bill for targeting the popular online game. In addition, the bill would "deputize" banks to look into the financial transactions of their customers, the group has said. In addition, the bill does not ban existing online gambling industries such as horse racing and state lotteries, the group said. The Family Research Council, a conservative religious organization, applauded the House for passing the bill. The bill provides "real protection to American families from destructive and unlawful" Internet gambling, Tom McClusky, the group's vice president for government affairs, said in a statement.