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Bill Introduced to Block UIGEA Enforcement

Posted on April 12, 2008

Barney Frank is at it again, and this time he introduced a bill to block the enforcement of the UIGEA. The bill, H.R. 5756, would "prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from proposing, prescribing, or implementing any regulation under subchapter IV of chapter 53 of title 31, United States Code, and for other purposes."

Both Ron Paul and Barney Frank mentioned that the UIGEA is impossible to enforce.

"These regulations are impossible to implement without placing a significant burden on the payments system and financial institutions, and while I do disagree with the underlying objective of the Act, I believe that even those who agree with it ought to be concerned about the regulations' impact," said Barney Frank.

Ron Paul said, "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. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own."

Hopefully this is a step in the right direction to regulate online poker in the United States to protect both users and operators.

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