Online Casino Ban Implementation Looming
November 22, 2009, 11:51 am (8 years ago)
US Treasury, Federal Reserve, and financial institutions which need to get ready to execute the UIGEA online casino prohibition has scarcely a week to operate, and it seems that the regulation is not going to go into effect. In spite of proposals by numerous lawmakers to holdup the law in opposition to online gambling payment processing, there has been no action by Treasury officials to postpone the activation.
Barney Frank not is well-known amongst those requesting that Congress be granted additional time to mull over the law, which never was appropriately discussed after being slipped onto a Homeland Security act, and he as well has supported a bill extending the execution back a year. The bill hasn't been able to go forward to committee whilst more urgent economic problems take over.