Barney Frank’s HR 6870 approved by a 30-19 vote

September 17, 2008 · Print This Article

Online Poker Players have something to be happy about as the House Financial Services Committee wrapped up Tuesdays meetings. The meetings ended on a positive note as Barney Frank’s Payments Systems Protection Act, HR 6870, was approved by a 30-19 vote, this will open the doors for future discussions in the House of Representatives.

Barney Frank the Chairman of the committee has attempted to pass a similar bill and this was his second attempt to discontinue the regulations of the Unlawful Internet Gambling Enforcement Act HR 5767. Frank’s original Payments Systems Protection Act introduced in conjunction with Congressman Ron Paul. The original Payments Systems Protection Act was struck down by the Committee in June of 2008.

Barney Frank noted that the legality of internet gambling in the United States is still open to interpretation. Frank stated that whether betting on horse racing is legal depends on what department you ask. Barney Frank, he summed up his views by adding,

"How people spend their leisure time should not be made illegal or encouraged in a free society. If you’re going to [impose restrictions using the UIGEA], you’re hijacking the banking system. If this bill is passed, I would still like to repeal the law. Under this bill, at least the banks will know what is and isn’t illegal."

For online Poker players this brightens the future for the game they enjoy to play online. Most will agree poker is a game of strategy and luck, brining huge profits to the players who master the game. Whether you’re a beginner or seasoned pro today was a huge step forward which would allow you to enjoy the game of online poker.

Comments

2 Responses to “Barney Frank’s HR 6870 approved by a 30-19 vote”

  1. Jesse Goodin on September 17th, 2008 9:30 am

    You know, I have to tell you, I really enjoy this blog and the insight from everyone who participates. I find it to be refreshing and very informative. I wish there were more blogs like it. Anyway, I felt it was about time I posted, I’ve spent most of my time here just lurking and reading, but today for some reason I just felt compelled to say this.

  2. Barney Frank’s HR 6870 approved by a 30-19 vote | Online Gambling and Casino News Resources on September 18th, 2008 5:33 pm

    [...] Barney Frank’s HR 6870 approved by a 30-19 vote [...]

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