All Posts Tagged Tag: ‘Barney Frank’
After representing the Fourth District of Massachusett for 31 years, Democrat Rep. Barney Frank has decided to retire. Despite maintaining that he would not retire until 2014, Frank cited recent Congressional redistricting as one reason for choosing to not seek re-election in 2012. The congressman has, for better or worse, regularly been identified as an agent of financial reform and …
A House committee yesterday voted on legislation that would legalize and regulate online gambling in the United States.
On Thursday, the House Financial Services Committee will discuss legislation introduced by Chairman Barney Frank (D-MA) that would regulate online gambling in the United States.
The hearing will begin at 10 am EST and will include testimony from leaders in the fields of online security and consumer safety. Experts will describe how current systems and technologies have been successful in blocking minors from gambling online, reducing compulsive gambling and protecting consumers against money laundering, fraud and identity theft.
Financial Services Committee Chairman Barney Frank (D-MA) has introduced legislation that would allow Americans to bet online and end a 3-year-old ban on Internet gambling.
The Internet Gambling Regulation, Consumer Protection, and Enforcement Act would create a federal regulatory and enforcement framework allowing Internet gambling operators to obtain licenses to accept wages from people in the United States.
A bill that would repeal the U.S. ban on online gambling is set to be introduced next week by U.S. Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee.
Online gambling could generate $52 billion in revenue in the U.S. over the next ten years if the three-year-old ban on Internet gambling was lifted and the government taxed the industry, according to a recent study from PricewaterhouseCoopers.
Online gambling could generate $52 billion in revenue in the U.S. over the next ten years if the three-year-old-ban on Internet gambling was repealed and the government taxed the industry, according to a new study.
The study by accounting firm PricewaterhouseCoopers could influence Congress to lift the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA).
Though Representative Barney Frank has gotten most of his attention due to his role in handling the economic crisis, the chairman of the House Financial Services Committee is also known for his nearly lone opposition to the Unlawful Internet Gambling Enforcement Act, almost unanimously passed in late 2006. Frank is holding steady on that opposition and, according to Reuters, will introduce legislation next month to repeal that law.