Financial Services Chairman Moves to Protect Financial Service Industry and Clarify Lawful Internet Gambling Activities – SSIGI (09/11/08)
By Safe and Secure Internet Gambling Initiative
Friday, September 12th, 2008
excerpt:
House Committee on Financial Services Chairman Barney Frank (D-Mass.) today introduced the Payments System Protection Act of 2008, which would direct the Department of the Treasury and Federal Reserve System, in consultation with the Attorney General, to create a formal process to define what types of online gambling are unlawful to make it possible for the U.S. financial services industry to comply with the current ban on Internet gambling, as required by the Internet Gambling Enforcement Act of 2006, or UIGEA.
