As Barney Frank continues to gain co-sponsors for his proposed online gambling bill, other pressing issues look likely to delay the bill's consideration.
It seems Frank's new online gambling law, designed to repeal the UIGEA and implement a licensing and regulatory environment in its place, has taken a back seat to national financial regulatory reform. In a message issued via the Poker Poker Players Alliance, Frank has intimated that the Bill will probably not be presented for House consideration before October. It was hoped that this could happen as early as this month.
"The feedback we got was that it's unlikely that we will hold a hearing in September; however, the door is not closed on that." said PPA director John Pappas.
Whether or not the legislation (named the The Internet Gambling Regulation, Consumer Protection, and Enforcement Act) will gain the required support to become law is anyone's guess. But it is clear that political support for the measure is steadily growing, with 58 co-sponsors now on board.
The latest members of Congress to lend their weight to the proposed new law include Christopher S. Murphy of Connecticut, Lynn C. Woolsey of California, William Lacy Clay of Missouri, and Adam B. Schiff of California.
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