The Leach Bill-Gambling's Nemesis
By staff
Without following even its own rules, the U.S. House of Representatives yesterday afternoon voted to pass Rep. James Leach's, R-Iowa, Internet Gambling Funding Prohibition Act. Of course, the Senate must also pass the measure before it can become law, upon the President’s signature. The Bill prohibits a broad range of online gambling transactions.

'While this overreaching and ill-conceived piece of legislation was pushed through the House today, we must count on the Senate, which historically acts with more thoughtful consideration, to do the right thing,” said Lawrence G. Walters, Esq., of “Certainly, the online gaming industry did not need another setback, just when it is attempting to rebound from the pullout by major payment processors and from the GAO Report accusing the industry of involvement with money laundering. This is the time for the industry leaders and trade groups to kick into high gear, and stop this train before it gathers much more speed,” Walters added.

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