Barney Frank Bill is a Positive for Online Poker

Here is an excerpt from my friends over at FTR.

After stalling for a number of months and coming dangerously close to collapsing, the legislative poker ball is now firmly up and rolling. The Unlawful Internet Gambling Enforcement Act, a law which would prevent banks from processing online gambling deposits, was due to come into effect on December 1st. An impassioned plea from, among others, the Poker Players Alliance, resulted in the deadline being moved back by 6 months.

Now, with a bit of leeway to act, Rep. Barney Frank can spring into action. Frank has long been poker’s most powerful ally in Washington, objecting to the UIGEA on financial and moral grounds. As head of the House Financial Services Committee he has an important voice on all monetary issues. Unfortunately, the dire economic situation has meant that most of his attention has been focussed away from online gambling.

For the rest of the story visit http://www.flopturnriver.com/blogs/barney-frank-preliminary-bill-hearing-positive-for-online-poker-1910