Internet Gambling Regulation Takes Center

Yesterday, the House Committee on Financial Services held a hearing to discuss the Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267). The legislation, introduced by Chairman Barney Frank, would regulate Internet gambling activity in the U.S. and require licensed operators to put in place safeguards to protect against underage and problem gambling.

Witnesses including Ed Williams of the Credit Union National Association (CUNA), Lynn Malerba of the Mohegan Tribe and professional poker player Annie Duke provided evidence to Committee members that regulating Internet gambling, as proposed in Chairman Frank’s legislation, would ease the burden placed on financial institutions, better protect consumers and provide an opportunity to generate billions in new state and federal government revenue.

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