Washington, DC --- U.S. Congressman Jim Leach (R-Iowa) has introduced a bill to prohibit the use of credit in connection with Internet gambling. This bill is similar to legislation he has introduced in the past, but includes specific exclusions for horse racing, intrastate wagering, and tribal gaming. This is based on the final draft; the bill actually introduced has not yet been printed.
The Unlawful Internet Gambling Enforcement Act of 2005 (H.R. 4411) has been referred to the House Committee on Financial Services, and it has 18 cosponsors.
Like previous legislation, the bill prohibits the use of credit for “unlawful Internet gambling,” which is defined in the bill to mean:
“..to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.”
But the bill specifically excludes from the definition of “unlawful Internet gambling” “interstate horseracing,” which is defined as:
“..(the) placing, receiving, or otherwise transmitting (of) a bet or wager that is governed by and complies with the Interstate Horseracing Act of 1978.”
new online gamming bill purposed and, horse racing is exempt from it
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Originally Posted by RPM
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