Rep. Frank's bill would roll back Net-gambling ban - Mercedes-Benz Forum

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Rep. Frank's bill would roll back Net-gambling ban

Rep. Frank's bill would roll back Net-gambling ban

By Robert Schroeder, MarketWatch
Last Update: 11:40 AM ET Apr 26, 2007

WASHINGTON (MarketWatch) -- Attempting to roll back a ban on online gambling, House Financial Services Committee Chairman Barney Frank introduced on Thursday a bill that would permit Americans to place bets over the Internet.
Frank's bill would enable companies to be licensed to accept bets and wagers online from individuals in the U.S.
The bill would exempt the operators from current restrictions on online gambling and would require licensed companies to have protections in place against underage and compulsive gambling, money laundering and fraud. Read text of the bill.
Frank, a Massachusetts Democrat, called existing Internet-gambling law "an inappropriate interference on the personal freedom of Americans" that should be undone.{A8FF5AC4-8086-4683-BEE8-D14EEF05E1B6}&siteid=yahoomy
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