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legislation

Congressmen Seek To Render UIGEA Ineffective

Legislation, 2008-04-15, by Ozone

Two members of the U.S. Congress have introduced a bill that would prevent the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA). The bill was proposed by Barney Frank and Ron Paul. Both of these men are known for their staunch opposition to infringements on liberty. About this time last year, Frank introduced another bill which aims to legalize and regulate online gambling. Ron Paul has gained notoriety for making a highly publicized run to be the Presidential Nominee of the Republican Party for the 2008 election. His chief campaign stance has been a pledge to vastly reduce the power of the federal government.

Their bill would prohibit the Treasury Department as well as the Federal Reserve from, "proposing, prescribing, or implementing any regulation that requires the financial services industry to identify and block internet gambling transactions." These two entities were tasked by the UIGEA to write the rules that banks must follow regarding internet gaming related transactions.

In promoting the bill, Paul commented that, "the ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet."

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