Government delays new ban on Internet gambling

Baack · Nov 28, 2009

WASHINGTON -
The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.
The two agencies said Friday that the new rules, which were to take effect on Dec. 1, would be delayed until June 1 of next year.
A key Democratic opponent of the ban on online gambling praised the action and said it would give Congress time to overturn a law passed in 2006 when Republicans controlled Congress.
The delayed rules would curb online gambling by prohibiting financial institutions from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers.
The financial industry complained that the new rules would be difficult to enforce because they did not offer a clear definition of what constitutes Internet gambling. They had sought a 12-month delay in implementing provisions of the Unlawful Internet Gambling Enforcement Act that Congress had passed in 2006.
The Bush administration issued regulations to enforce the law in November 2008 and had set Dec. 1, 2009, as the date financial institutions would have to begin complying.
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http://tech.yahoo.com/news/ap/20091127/ap_on_hi_te/us_internet_gambling

lowbudget · Nov 28, 2009

I seem to remember these same libs whining and crying and moaning that the govt can't legislate morality......

Powder Joints · Nov 28, 2009

The most moral people in the country. They believe that If you admit you take bribes that they are no longer bribes.

zotoa · Dec 2, 2009

Maybe the government will outlaw voting, because we take a gamble on those we vote for everytime they wake up and concoct some more unenforceable laws!!

Markvfl · Dec 2, 2009

Internet gambling has always been illegal. It's just unenforceable. Our exalted leaders cannot risk the public knowing that they do not have the power to control EVERYTHING.

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