Copied from the Triangle Poker Journal
Bill to Repeal UIGE Act May Be in the Works
Massachusetts Representative Barney Frank is considering a bill that would repeal the Unlawful Internet Gambling Enforcement Act.
According to Reuters, a spokesman for Frank confirmed that the liberal Democrat is considering legislation that would repeal the entire UIGE Act.
The UIGE Act started to play havoc on the online poker industry as soon as President George Bush signed it into law in October. The bill, which targets online payment systems, caused many sites to flee, knocked millions of dollars off the values of a handful of publicly traded sites and eWallets, and more recently, is preventing thousands of online poker players from withdrawing their winnings from their preferred sites.
Copied from the Triangle Poker Journal
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