Congressional Supporter of UIGEA Losing Hope
Supporters of online gambling and online casinos have made their feelings clear in the past year on Capitol Hill. However, Senator John Kyl, a Republican Congressman from Arizona, fears that the effective ban on internet gambling in America is not being forced strongly or quickly enough.. Senator Kyl recently voiced concerns that he is losing hope that the United States Treasury Department and the Federal Reserve will take the necessary steps to enforce the Unlawful Internet Gambling Enforcement Act (UIGEA).
Passed in 2006, the UIGEA bars the transfer of funds by payment processors and banks from individuals to online casinos and vice versa. Since its passage as part of the Safe Port Act, tens of Congress members have voiced their opposition to the bill, claiming that it billions of potential tax dollars are being lost as gamblers go underground, playing on off-shore online casinos.
Furthermore, opponents of the UIGEA claim that because the bill included no clear guidelines, banks are unable to enforce the act uniformly, oftentimes choosing to do nothing at all or to prohibit suspicious activities which in fact have no connection to gambling whatsoever.
While Senator Kyl is hopeful that better enforcement of the act will begin, he has strong and growing opposition to confront. With legislation proposed by Senators Barney Frank and Ron Paul against the UIGEA, he may see his wishes go down the tubes sooner than later.
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