Frank Expects to Introduce U.S. Internet Gambling Bill Next Week

4/28/2009 by Christopher A. Krafcik

Barney Frank, chairman of the House Financial Services Committee, said he intends to introduce a bill next week that would legalize and regulate Internet gambling in the United States.

Barney Frank, chairman of the House Financial Services Committee, said he intends to introduce a bill next week that would legalize and regulate Internet gambling in the United States.

"We'll be introducing it next week and I plan to move on it," Reuters reported Mr. Frank as saying during a financial regulation summit in Washington, D.C., Tuesday.

The new bill -- details of which have yet to leak -- is expected to be similar in scope to April 2007's Internet Gambling Regulation and Enforcement Act.

News flow regarding the bill's introduction began in February in London's Financial Times. Most recently, Mr. Frank, a Democrat, told The Hill that the bill ... Click here to read the full story on IGamingNews.