uigea

Texas Lawmaker Attempts to Clarify UIGEA

August 5, 2008 - No Comments A Texas Lawmaker introduced a bill on Monday that, if passed, would seemingly clarify what type of online activities the Unlawful Internet Gambling Enforcement Act (UIGEA) would be able to eliminate. Republican Pete Sessions introduced the bill, H.R. 6663, aka the Unlawful Internet Gambling Enforcement Clarification and Implementation Act of 2008, on July 30–four days after his colleagues sent a letter to the Treasury Department and Federal....

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House Committee To Vote on Suspending UIGEA Regulations

June 23, 2008 - No Comments On June 24, 2008, the House Committee on Financial Services will mark up legislation, H.R. 5767, that would prohibit the Department of the Treasury and Federal Reserve System from proposing, prescribing or implementing any regulations related to the current ban on Internet gambling, as required by the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). “Congress has studied this issue and heard from the financial services community and....

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Congress Calls For Stop to UIGEA

April 23, 2008 - No Comments The Chairman of the House Committee on Financial Services and other leading committee members are seeking broad support for new legislation that would stop the U.S. government from taking any steps to implement regulations that require U.S. financial institutions to police Internet gambling. Testimony before Congress earlier this month clearly showed that the proposed rules to implement the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)....

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Experts Testify Against Gambling Ban

April 4, 2008 - No Comments Expert testimony to Congress today offered further evidence that the ban on Internet gambling won’t work. Witnesses unanimously agreed that U.S. financial service companies would face serious regulatory burdens in attempting to enforce the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), a law that is not likely to stop millions of Americans from gambling online. "Testimony from the federal regulators and representatives....

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Congressional Hearing Scheduled for UIGEA

March 31, 2008 - No Comments Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative, will be available to update media and comment on the hearing, "Proposed UIGEA Regulations: Burden without Benefit?" in the House Committee on Financial Service’s Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. The hearing will explore the burden on U.S. financial institutions to comply with the Unlawful Internet....

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Competitive Enterprise Institute Bashes UIGEA

March 27, 2008 - No Comments Hoping to be seen to be doing something about the perceived problem of Internet gambling, Congress approved the Unlawful Internet Gambling Enforcement Act (UIGEA) in October of 2006.1 The Act, however, seems unlikely to stop Internet gambling and could even threaten the stable, smooth operation of America’s banking system. UIGEA and its currently proposed enabling regulations will undermine the financial privacy of all Americans and reduce....

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Decision in IMEGA v UIGEA Case Delivered

March 7, 2008 - No Comments Although the case the Interactive Media Entertainment and Gaming Association (iMEGA) brought against the Unlawful Internet Gambling and Enforcement Act was dismissed yesterday, there were some small victories for internet gaming. iMEGA was granted legal standing to represent those aggrieved by the UIGEA, but the rest of the case was dismissed point by point. Here’s what happened. iMEGA claimed that their First Amendment rights of "Free....

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Two Senators Criticize UIGEA in Letter

February 27, 2008 - No Comments Two United States senators, John Sununu (R-NH) and Pete Domenici (R-NM), recently addressed a letter to the Treasury Department and Federal Reserve System criticizing the UIGEA. The letter, which reads below, was addressed to Henry Paulson and Ben Bernanke, respectively the US Treasury Secretary, and the Chairman of the Board of Governors on the Federal Reserve. Here is the letter: <i>Dear Secretary Paulson and Chairman Bernanke, The....

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