Online Poker Players have something to celebrate as the House Financial Services Committee wrapped up Tuesdays meetings. The meetings ended with Barney Frank's Payments Systems Protection Act was approved by a 30-9 vote, which means further discussions will take place in 2009.
Barney Frank the Chairman of the committee had attempted to pass a similar bill in the past 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.”
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"Americans have played poker throughout history. Playing poker on the internet is simply an example of an American tradition evolving into the 21st century. It is unfathomable that poker, an American pastime and game of skill, should be banned for the millions who enjoy playing responsibly." 
09-17-2008, 02:20 PM
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