Financial Services Hearing on Regulating Internet Gambling

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financial services hearing on regulating internet gambling.online casinos Safe and Secure Internet Gambling Initiative Supports Legislation to Remove Unnecessary Government Prohibition on Internet Gambling The Safe and Secure.

House Financial Services Committee hearing, Sept. 10, 2003: Rep. Barney Frank (D., Mass.): I worry, frankly, that there’s a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people …. I’m going to sing up for gamblers anonymous or some such organization. I’m not trend following this one. I’m not listening to the advice of those who I consider to be the best of the best. I’ve increased my bets on what now is a long shot. …

barney frank (d-mass) introduced a similar bill — the internet gambling regulation, consumer protection, , “gambling” and enforcement act — to the house of representatives in may. while frank’s bill applies to online gambling as a whole, … the frank bill is still the favorite to go through, with a powerful push from the chairman of the financial services committee. frank is committed to holding hearings on his bill in september or october, following the august recess, according to …

“This hearing is significant and must address the issues being raised by the financial services sector and others. … building in support of regulating Internet gambling,” said …

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