They Like It!
Barney Frank may not have won the battle yet but he has certainly made advancements on the field. Congressman Frank is the front-header of efforts to push through his sponsored legislation that would neutralize the UIGEA legislation and instead legalize and regulate online casino gambling in the US market. Frank has pushed this bill for nearly three years now and as the bill gets closer and closer to reaching the floor of Congress for discussion, an increasing number of politicians are adding their support and backing to Frank’s efforts. The UIGEA, the current piece of legislation aimed at handling online casinos, is highly flawed and has caused international issues.
The inadequacies of the UGIEA are just a part of the equation however, Frank’s legislation is strong enough to stand on its own and not only as an alternative to the UIGEA. The US needs new online casino gambling legislation that really addresses the current domestic and international issues facing this global industry. In terms of support, Frank now has 58 members of Congress supporting his bill, that’s four more co-sponsors than just last month. These members of Congress are now supporting Frank and the bill’s efforts to modernize the US gambling industry by welcoming offshore online casinos into licensed and highly regulated internet gambling industry.
This great news though, of more co-sponsors for the bill, is tempered with the fact that the bill may not reach the floor of Congress for discussion until the next year. The online casino gambling industry has been very patient and it looks as though the industry may have to wait a bit longer since speculation indicates that although it was scheduled to make review in this session of Congress other high-priority bills may take precedence.
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