HR 5767 Initiative Shot Down in Congress - UIGEA Not Overturned.

Bill To Stomp UIGEA Curbed in Congress…For Now.

Voting by the House Financial Services Committee took place this past Thursday to review bill HR 5767, which was presented to the committee by PPA representatives hoping to prevent UIGEA from being implemented and enforced.

Unfortunately, the bill was defeated with a 32-32 tie in roll call voting, and was then overwhelmingly shot down when an oral vote was taken.  The number of “Yays” outnumbered the amount of “Nays” when it came when it came to approving the measure into law.

Alfonse D’Amato of the PPA, who also headed the Financial Services Committee, had this to say following the disappointing result of the vote:

“It is disappointing to realize that opponents of this legislation still do not truly understand the intent of the bill. It was clear today that those who oppose this bill chose to focus on emotional and non-germane issues, such as the harmful impact of gambling on children, instead of on the merits of the bill itself.

As it stands, UIGEA is a completely unworkable and unenforceable bill that would do little to address the main concerns of its sponsors – namely, protecting underage and compulsive gamblers as well as cracking down on money laundering. To truly address these issues, the PPA firmly believes that Congress should implement thoughtful and effective regulation of the online gambling industry as opposed to outright prohibitions, which history has shown do not work.”

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