Online Gambling Bill Could Cease Making Progress In House

September 21st, 2010 – by Glen Farmer

Congress is back in session, and many online gamblers were hoping that the online gambling bill crafted by Barney Frank, HR 2267, would end up cutting the red tape and being signed into law. Unfortunately, HR 2267 or the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, has hit a major bump in the road and could fail to pass into law.

Time constraints are seriously hampering the progress that the bill could make. The midterm elections are coming up, and the structure of the House could vastly change. Should the House change, some of the support for the bill could be lost.

Even if HR 2267 were to still be able to pass, it is likely that the legislation would be significantly postponed. Though players were hoping for legalized USA online gambling before the end of the year, a delay is likely to occur.

Frank has stated that he wants a floor vote on the bill, but the House’s schedule is fairly full. Progress on the bill is definitely unlikely to take place in the upcoming month.

The Internet Gambling Regulation, Consumer Protection, and Enforcement Act is expected to generate over $70 billion dollars over ten years. Many Americans are already gambling online, sending a large amount of money over seas without even the slightest tax rate.

Under HR 2267, online casinos and USA online poker would be regulated and taxed.

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