Barney Frank To Introduce Internet Gambling Legislation On Wednesday

Two and a half years have passed since the restrictive UIGEA legislation came into force in the U.S.

But this afternoon a bill is sent that would reform the law so as to resemble the old model.

Committee Chairman Barney Frank (D-MA) will hold a press conference to unveil legislation that will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom.

Currently, the government could use the money to pay for some of the important general expenses.

My view is not that there should be an intensive taxation, but, like so many other legitimate activities of a smaller tax rate, "said Barney Frank, chairman of the House Financial Services Committee.

The bill would "create an exemption to the UIGEA for operators that are licensed and regulated. UIGEA, which was enacted in 2006, restricts the use of the payments system for Americans who seek the freedom to gamble online."

Only 9 out of the 22 poker networks currently offer games for the Americans, so it can potentially be a profitable model for the United States. But according to Barney Frank, the economic issue is not the most important.

Lets get US players back at the poker tables at all poker rooms.

US Poker Rooms