Gambling websites that have been flouting the Unlawful Internet Gambling...
Gambling websites that have been flouting the Unlawful Internet Gambling Enforcement Act (UIGEA) would be denied licenses in a regulated system in the U.S., under an amended bill approved 41-22 by the House Financial Services Committee at a markup Wednesday.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Lawmakers approved a handful of amendments to the Internet Gambling Regulation and Consumer Protection and Enforcement Act (HR-2267), sponsored by committee Chairman Barney Frank, D-Mass. The leading foe of the legislation, Ranking Member Spencer Bachus, R-Ala., secured the licensing ban on gambling sites that have knowingly let in U.S. players since UIGEA took effect. An approved amendment by Rep. Gary Peters, D-Mich., would clarify that state and tribal lotteries don’t need separate federal licensing, and accordingly, wouldn’t share their revenue with the federal government. Gambling sites would have to get users to set “loss limits” before playing, and protect customer privacy and security, under an approved amendment by Rep. John Campbell, R-Calif. Operators would have to verify before a bet is placed that the bettor isn’t delinquent on child support payments, under an approved amendment by Rep. Michele Bachmann, R-Minn.