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Frank Introduces Bill To Lift Ban
Congressmen Barney Frank has introduced the Internet Gambling Regulation and Enforcement Act (IGREA) of 2007. The bill would exempt online poker from the recent congressional ban.
The proposed IGREA would establish a new regulatory framework to allow online poker sites to seek licensure and thereby be able to accept play from online players in the United States. The propsed regulatory framework would help to ensure against gambling by minors and seek to prevent fraud and problem gambling.
Last year, the House passed the Unlawful Internet Gambling Enforcement Act (UIGEA), which essentially banned all forms of online poker. THE UIGEA accomplished the ban by prohibitting finacial institutions from serving to fund player accounts.
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