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Barney Frank to Push for UIGEA repeal

March 14, 2009


As declared by a popular news agency: "A high ranking Democratic legislator expressed on Thursday, he would promote to pass rulings for the annulment a U.S. restriction on Online Casino gambling that has damage business relationship with the European Union.

Barney Frank, House of Representatives Financial Services Committee Chairman, related to correspondents at a media conference "'I'm going to be pushing it,' to lay out his agenda for reforming U.S. financial regulation." Work on drawing up the rulings should be executed this month, an aide stated.

Congress ventured in 2006 to abolish online casinos gambling in the USA by preventing businesses from premeditatedly receiving payments associated with illegal Internet gambling, including installments forced through credit cards, electronic money transfers and checks.

European online associations lost billions in market worth after the Unlawful Internet Gambling Enforcement Act came to be law, and they retired all casino activity in the USA.

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