Posts Tagged ‘HR 2268’

Congress Back in Sesh

HR 2267 in gear but waiting for 2268, election and lame ducks

by , Sep 14, 2010 | 7:00 am

(WASHINGTON DC) Both the House and Senate reconvened yesterday on a crisp bright fallish day in the Beltway.  After a summertime recess spent allowing members to return to their home districts, it’s time for Reps and Senators to get back to doing all the things they do in the *public eye* — and that doesn’t mean just appearing on Jay Leno.  

This will be the first opportunity for HR 2267 to take those *many* next steps on the legislative grind  to Obama’s “final table” since it passed through House Financial Services committee over six (!) weeks ago. It is also the last window for anything to happen before the November election; however, this window will close on October 8. That’s about 20 days from now, folks.

So what’s going to be happening, if anything?


McDermott: “It’s very very likely” Online Gambling Bill Will Pass in 2010

by , Aug 10, 2010 | 6:02 am

Also from Gambling Compliance … This may be kinda old news now, but something else GC made available for all us poker plebes is their July interview with Rep. Jim McDermott (D-WA), sponsor of HR 2268, the legislation that lays out the structure for a new federal online gambling taxing machine, and the “companion bill” for Barney Frank’s HR 2267, which, of course, sets up the bureaucracy that poker players collectively have been clamoring for.

McDermott makes a cautious prediction starting at about 4:57, saying, “It is very very likely that this bill will pass” before the end of the year. He then explains how and why he believes online gambling supporters on the Hill can win over the necessary Congressfolk, “one Member at a time”:

This interview came before the HR 2267 mark-up hearing, where the bill moved forward with a bigger margin of bipartisan victory than expected … presumably made easier by the various amendments added by representatives from across the country and across the political spectrum.

Because you can’t have McDermott’s bill, 2268, without 2267 — and 2267 means little in terms of practical application without 2268 — they totally go together. But until the two are merged, this dual-bill process also creates additional spots for cutthroat backstabbing shenanigans parliamentary maneuvers across the aisle should some influential sort not like the way the bill is taking shape for their client/big-donor’s competitive interest. I’m pretty sure that’s how it works … but to borrow a phrase from McDermott, not gonna say 100 percent.

So … watch and see?

McDermott Bill Gets New Juice

States, tribes, foster kids promised slices of rev-share

by , Mar 26, 2010 | 5:58 pm

HR 2268, now HR 4976, aka the McDermott Bill, aka the Internet Gambling Regulation and Tax Enforcement Act of 2009 2010, got re-introduced yesterday … it’s pretty similar to IGRTEA 2009, with two key differences:

IGRTEA 2010 specifies money for states and tribes — 6 percent — and attaches a dollar amount for a specific beneficiary, roughly $1 billion a year for foster-care programs. It’s being pitched as a sin tax, really — a simple addition to the tax code to allow one more group of disadvantaged youth to still get its government cheese. But if that’s the road they’re going down, perhaps they should earmark the $1 billion/year these kids will get from as being for foster kids with cancer and cleft palettes? How can you be against helping foster children make that abused foster children with cancer and cleft palettes.

Here’s the actual bill itself. Just three co-sponsors out the gate, one of them being Barney Frank.


Live-Blogging a Relatively Minor Congressional Confab

by , Dec 3, 2009 | 7:23 am

I may or may not be talking about this morning’s House Financial Services Committee hearing on today’s episode of The Poker Beat … so that’s why I’m up listening/watching/clicking. It’s kinda a big deal, I think … we got our 6-month extension on the enforcement deadline, and now, here in Barney Frank’s committee, the good rep is basically (re-re-re?)-reintroducing legislation that could effectively undo the UIGEA.

Here’s what I’m watching. Follow along if you we can …

* Yikes, video is great – HD! – but audio sucks, like irritatingly buzzy and scratchy.

* Barney’s opening argument … personal freedom. On the internet.

* He quotes John Stewart John Stuart Mill.

* Holy shit, you can pause this video? Like even without Tivo … awesome. I’ll be right back … need to get a beverage …

* OK, I’m back. While I was gone a press release came over the wire … apparently something that will be introduced forthcoming:


Regulating Online Gambling 2009: Starting Point

by , May 11, 2009 | 2:33 am

Good article in Congressional Quarterly about Barney Frank’s online gambling regulatory framework bill and Rep. Jim McDermott’s (D-WA) HR 2268, which sets up associated tax collection measures.

TRIVIA: Does anyone know the bill number for the UIGEA? Free satanic spade swag-shirt for the first correct commentor.

The article points out what a significant move it is by Harrah’s to be so publicly behind these legislative measures, and the relevance of Rep. Shelley Berkeley’s (D-NV) full-on support. (She previously supported only studying the issue.) Overall, the non-partisan piece is far more optimistic than most of us poker-biz “professionals” … but even CQ knows they’re just guessing. What it does, however, is establish the baseline, from where Congressional dialogue on online gambling will be starting. (So we’ll have to deal a lot with addiction and protection-of-minor issues, but not so much with 1/3 of them attempting suicide the first time they suffer a bad beat.)