March 17, 2011
The House Committee on Financial Services released an official statement this evening which announced the awaited introduction of a new federal internet gambling bill by Rep. John Campbell (R-CA). The new <shall-we-say> #campbellbill is, at the moment, identical to the last amended HR2267, whose most recent version can be found-> here.
From the press release:
WASHINGTON – The Internet Gambling Regulation, Consumer Protection, and Enforcement Act was introduced in the House today by Congressman John Campbell (R-CA) with Congressman Barney Frank (D-MA) as a leading sponsor. Congressmen Ed Perlmutter (D-CO) and Peter King (R-NY) are also leading co-sponsors. The bill is identical to H.R. 2267 that was passed out of the House Financial Services Committee on July 28, 2010 with bi-partisan support. The bill would establish a federal regulatory and enforcement framework under which Internet gambling operators could obtain licenses authorizing them to accept bets and wagers from individuals in the United States. The legislation comes in response to the enactment of Unlawful Internet Gambling Enforcement Act (UIGEA), which restricted the use of the payments system for Americans who gamble online.
As a recap, HR2267 passed through the Financial Service Committee last July. It never took further steps in Congress last year, despite a significant sweat. Harry Reid floated a draft of an internet gambling bill in December, known lovingly as #reidbill in Twitter, which also never made further official progress on Capitol Hill. HR2267 contained no mention of the now dreaded “blackout” period that was the most infamous part of the #reidbill draft.
You can read the full statement by PPA, giving Campbell/Frank a virtual pat on the back-> here.