Unlawful Internet Gambling Enforcement Act (UIGEA) passed in 2006 to prohibit online gambling. Frank's efforts blocked implementation for a time, but the bill went into effect in June. Now Frank is sponsoring HR 2267 the Internet Gambling Regulation, Consumer Protection, and Enforcement Act to undo the law. And Rep. James McDermott (D-Wash.) wants to tax internet gambling. He says his Internet Gambling Regulation and Tax Enforcement Act will raise $40 billion in new taxes. Two problems: 1) the terrible damage gambling does to individuals and families and 2) taxing internet gambling will lead to more internet taxes. The power to tax is the power to control and destroy.
Family Research Council
HR 2267 STATUS:
The House financial committee will mark up a bill Tuesday (7.27.10) to legalize Internet gambling. Even many in the US industry oppose it. It is largely foreign gaming websites that are behind this attempt to overturn the 2006 ban.
The measure is being rushed through the House Financial Services Committee
If foreign online gambling interests can easily influence passage of this bill, imagine what it might do to eventually water down regulations over their industry.
• This foreign lobby and its domestic supporters want Congress to gloss over the negative effects of allowing gambling on every smart phone and laptop, where even a 10-year-old with a parent’s credit card might be able to wage bets at any time of day.
PROBLEM GAMBLING is ten times more common among those who gamble online than among those who only gamble offline.
2007 British Gambling Prevalence Survey
The most recent study on college gambling in Connecticut in 2004 surveyed all four Connecticut State University campuses, and found 11.4 percent of students were either pathological or problem gamblers.