Internet Gambling Regulation and Enforcement Act of 2007
U.S. Representative Barney Frank (D-MA) introduced legislation on April 26, 2007 that would establish a regulatory and enforcement framework for licensed gambling operators to accept bets and wagers from individuals in the U.S. The Internet Gambling Regulation and Enforcement Act (H.R. 2046) would put in place practical and enforceable standards to bring transparency to Internet gambling and provide consumers the protections they expect and deserve.
Internet Gambling Regulation and Tax Enforcement Act of 2008
In March 2008, U.S. Representative Jim McDermott (D-WA) introduced the Internet Gambling Regulation and Tax Enforcement Act of 2008 (H.R. 5523). This bill serves as a companion to Representative Frank’s Internet Gambling Regulation and Enforcement Act and would ensure that taxes are collected on regulated Internet gambling activities.
Investing in our Human Resources Act of 2008
In a prime example of how additional government revenue could be applied in a “Pay For” environment, U.S. Representative Jim McDermott (D-WA) introduced legislation on July 15, 2008 that would provide job training and educational assistance for those in declining sectors of the economy and foster care. Funding for the bill, Investing in our Human Resources Act of 2008 (H.R. 6501), would come from new revenue generated by regulated Internet gambling activities. U.S. Representatives George Miller (D-CA) and John B. Larson (D-CT) were original co-sponsors of the legislation, demonstrating the growing support for Internet gambling regulation by key members of the Democratic Congressional leadership.
Payments System Protection Act of 2008
U.S. Representatives Barney Frank (D-MA) introduced legislation, H.R. 6870, on September 11, 2008 that would have the practical impact of delaying implementation of regulations to implement the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). Additionally, it would relieve the burden for banks and other payments services to determine for themselves what types of online activity are lawful and what are not. The legislation, as amended, was approved by a 30-19 vote in the House Committee on Financial Services on September 16, 2008.