Buzz Luck

Monday, October 5, 2009

Barney Frank has Sixty Co-Sponsors

The bill Barney Frank proposed a few months ago has now hit sixty co-sponsors.
Frank and eighteen other bipartisan lawmakers sent a letter to Federal Reserve Chairman Ben Bernake and Treasury Secretary Timothy Geithner, urging for the delay of the Unlawful Internet Gambling Enforcement Act rules.
The rules are set to go into effect on December 1st, but the lawmakers believe that financial institutions have enough to worry about with the economy. These lawmakers are looking to delay the law from taking effect by one year, that would give them the time necessary to overturn the UIGEA.
Congressman Thompson from the Second District of Mississippi became the 59th co-sponsor last week and Representative Smith became the sixtieth co-sponsor, a historic milestone. Smith is from the Ninth District of Washington. The sixty co-sponsors are comprised of representatives from both the Republican and Democratic parties. Many Senators have also come out in recent months in favor of a change in the US' online gambling laws.

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