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The bill, titled H.R 2267 proposed by Barney Frank, the United States House Rep., has passed the House Financial Services Committee on Wednesday, July 28, 2010, with an impressive margin of 41 Ayes and 22 Nays along with a ‘present vote’ by Representative Ron Paul.
Although the bill for regulating Internet Gambling, Consumer Protection and Enforcement Act still has to cover large distances to finally get the approval by President Barack Obama, this passage is definitely one of the most significant steps towards the ultimate destination.
After this committee voting, next the bill will go to the House of Representative. There, it needs to collect a significantly good margin of votes in order to proceed further. Then, H.R 2267 will need an impressive vote margin in the upper house of U.S congress, the Senate. The bill can be amended further during the whole process of turning it into a law.
This progress is a huge footstep towards victory for all those American citizens, who want the online gambling to be regulated and legalized by the government of United States.
After several hours of discussions, many amendments were being filed by the representatives present at the event on Wednesday. Some of the most important amendments include different conditions. There must be some technology that should be implemented in order to keep the minors away from online gambling, security against any kind of fraud, constraints on up to what extent a player can put money on online gambling, loss compensation, disallowing credit cards and many more.
The voting decision was praised by several people including the Poker Player’s Alliance Chairman, Alfonse D’Amato. He expressed his satisfaction over this passage of H.R 2267 by the House Financial Services Committee. He also mentioned that it is better to regulate this Consumer Protection Act than making the U.S people to play on the non legalized websites.
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