Pro-UIGEA senator losing patience with U.S. Treasury, Fed
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One of the U.S. senators responsible for pushing the Unlawful Internet Gambling Enforcement Act through Congress has said he is losing patience with the Treasury Department and the Federal Reserve, neither of which has begun to enforce the law.
Sen. Jon Kyl, R-Ariz., said rules for putting the UIGEA into action should already be in place, since the law was passed in 2006.
According to a Las Vegas Review-Journal story at majorwager.com:
“The longer it goes the less certainty there is,” said Kyl, who was the first lawmaker to launch an effort to ban Internet gambling in 1996. “I mean, the people who are violating the law need to know that they’re not going to be able the get away with it, and I think that the failure to get these regulations promulgated on time has perhaps given some hope, and it’s given life even to an idea over in the House of Representatives to put a moratorium on the regulations,” Kyl said.
Kyl was referring to a bill introduced April 11 by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, and Rep. Ron Paul, R-Texas. The Frank-Paul bill would block the Federal Reserve and Treasury Department from completing regulations to enforce the ban.
Kyl went on to say he was not worried about the UIGEA being taken off the books by proposed legislation.
