Safe and Secure Internet Gambling Initiative

To prevent abuse, protect consumers’ rights, gain needed new revenue, and end the failures of modern-day prohibition, House Financial Services Committee Chairman Barney Frank has introduced the Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267). This urgently needed legislation would:

Create a Regulated, Licensed Environment. No operator could gain a license until proving that it will protect consumers and children, collect tax revenues and verify that customers live in a jurisdiction that permits Internet gambling.
Protect Consumers’ Financial Transactions. All licensed operators would be required to implement proven security controls to ensure that each financial transaction is safe and secure.
Raise up to $72 Billion in New Revenue. At a time when the federal deficit is at record levels and many states are struggling as well, regulation will raise up to $72 billion over 10 years.

End Modern-Day Prohibition. Banning alcohol 80 years ago did not stop drinking — it just sent it underground, leaving Americans unprotected against fraud and underage abuse. Banning Internet gambling is similarly harmful.
Safeguard Against Compulsive Gambling. All licensed operators would be required to implement a comprehensive responsible gambling program, utilizing tools to enforce controls to limit the amount of money wagered or lost.
Protect Children. All licensed operators would be required to use state-of-the-art age verification technologies and other enforcement mechanisms to keep minors away.

Urge Congress to make Internet gambling safe and secure by passing the Internet Gambling Regulation, Consumer Protection and Enforcement Act!