Discarded Proposals Against Online Gaming Are Revived
By sam
Proposals restricting financial transactions at Internet Gaming sites from Rep. Jim Leach, R-Iowa will stand as a separate bill after being removed from an anti money-laundering bill last week.

Despite the protestations of its author who described the omission as “an affront to the committee, and…an assault on basic judgement,” the proposals were shed from the bill to ease its passage through the house floor.

The proposals will now be put up separately for the house committee’s approval next week, where it can expect support from Committee Ranking Democrat John Lafalce, D-NY, who has also authored his own anti-gaming bill.

The bill describes Internet gambling as a ‘haven’ for money laundering and proposes forbidding gambling business from ‘accepting bank instruments (credit cards, checks, electronic money transfers) in connection with unlawful Internet gambling.’ Fantasy sports leagues, ‘educational’ games and securities transactions would still be allowed.

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