Congress Ponders Online Gambling Legislation

Wednesday, 26 Oct 2011 09:52 AM

By Greg McDonald

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
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
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

'I Can't Breathe' Trademark: Eric Garner's Last Words to Go on Hoodies

Friday, 19 Dec 2014 12:10 PM

An "I can't breathe" trademark application was filed Saturday by an Illinois woman seeking to use the words uttered by a . . .

World's Deepest Fish: Snailfish Sets Record at 27K Feet Below the Pacific

Friday, 19 Dec 2014 12:09 PM

The record for the world's deepest fish now belongs to a snailfish-type animal found near the bottom of the Mariana Tren . . .

Vin Scully Ring: Voice of the LA Dodgers Loses WS Trinket at Costco

Friday, 19 Dec 2014 11:06 AM

Legendary baseball broadcaster Vin Scully lost his 1988 Los Angeles Dodgers World Series ring while shopping at Costco t . . .

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.

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