September 17, 2008 By News Report
Additional Internet Gambling Legislation
The Internet Gambling Regulation and Enforcement Act of 2007 (H.R. 2046), introduced last year by Rep. Frank, would establish an enforcement framework for licensed gambling operators to accept bets and wagers from individuals in the U.S. It includes a number of built-in consumer protections, including safeguards against compulsive and underage gambling, money laundering, fraud and identity theft. A companion piece of legislation that would ensure the collection of taxes on regulated Internet gambling activities, the Internet Gambling Regulation and Tax Enforcement Act of 2008 (H.R. 5523), was introduced by Congressman Jim McDermott (D-WA).
Rep. McDermott also introduced, the Investing in our Human Resources Act (H.R.6051), which would direct new revenue generated by regulated Internet gambling activities to be spent on job training for those in the declining sectors of the economy and educational assistance for youth in foster care. The bill also includes provisions to encourage responsible Internet gambling behavior and an awareness of unsafe practices, something problem gambling advocates praise.
You may use or reference this story with attribution and a link to