Tags: gambling | online | Congress

Congress Ponders Online Gambling Legislation

Wednesday, 26 Oct 2011 09:52 AM

By Greg McDonald

With bank fraud and money laundering charges pending against the Full-Tilt Poker gambling site, Congress is moving toward enacting tougher legislation to protect consumers — and possibly tax — online gambling in the United States.
 
At a hearing Tuesday before a House Energy and Commerce subcommittee, lawmakers heard from a number of gambling experts, researchers, and consumer advocacy groups about the need for tighter restrictions on Internet gambling.
 
In 2006, Congress passed a law designed to help control online gambling, but even lawmakers say it has failed to protect U.S. consumers because most online betting houses are offshore.
 
“People are playing poker on the Internet in the U.S. for money today,” said Rep. Joe Barton, R-Texas. “It’s not regulated and so these sites are offshore, overseas and, consequently, outside the ability for us to tax the winnings and make sure it’s a fair game.”
 
Barton and several other lawmakers have introduced separate pieces of legislation aimed at regulating the online gambling industry and providing consumer safeguards. They say the measures would also help generate billions of new government revenue and create new jobs.
 
Rep. Barney Frank, D-Mass., has already recommended to the supercommittee on deficit reduction that it consider several provisions that would regulate and tax online gambling activities.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Judge Denies Rick Perry Request to Toss Abuse-of-Power Case

Tuesday, 27 Jan 2015 20:30 PM

A judge denied Rick Perry's defense team's request to dismiss a felony abuse-of-power case on constitutional grounds Tue . . .

Dementia, OTC Link: Study Examines Effects of Certain Common Drugs

Tuesday, 27 Jan 2015 20:25 PM

A recent study has found a link between dementia and some common over-the-counter (OTC) drugs. . . .

'Ghostbusters' Female Cast Revealed, But Reactions Are Mixed

Tuesday, 27 Jan 2015 19:39 PM

The all-female cast for a new "Ghostbusters" film is taking shape, with Melissa McCarthy signing on and Kristen Wiig, Le . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved