HR 6870 being marked up by US House Committee on Financial Services today

September 16, 2008 · Print This Article

The US House Committee on Financial Services will today mark up the latest bill introduced by Congressman Barney Frank to suspend regulations under the Unlawful Internet Gambling Enforcement Act 2006.

HR 6870, the ‘Payment Systems Protections Act of 2008′, would prohibit the US Treasury and Federal Reserve from proposing, prescribing or implementing any regulations under UIGEA apart from those relating to sports betting, until the meaning of key definitions such as ‘unlawful internet gambling’ had been clarified.

If the bill makes it past the Committee stage following mark-up, it could be submitted to a vote by the House of Representatives.

Its predecessor, HR 5767, fell at the committee stage in June after a vote among the 70 members ended in a 32-32 stalemate and several abstentions.


2 Responses to “HR 6870 being marked up by US House Committee on Financial Services today”

  1. » House Financial Services Committee Passes ‘Payment Systems Protection Act’ on September 17th, 2008 2:20 am

    [...] CasinMoz [...]

  2. Americans Pulling For Approval of Gambling Bill | CasinoMOZ on September 23rd, 2008 11:13 am

    [...] week, the Payments System Protection Act was passed by the House Committee on Financial Services. It was a major step towards finally [...]

Got something to say?