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Barney Frank on HR1207

October 24th, 2009

Note: Barney Frank is an idiot, but he’s a useful idiot right now.

Federal Reserve / HR1207

  1. Matthew
    October 25th, 2009 at 14:03 | #1

    Frank has partnered with Ron Paul in support of online gambling rights. In 2006, both strongly opposed H.R. 4777, the Internet Gambling Prohibition and Enforcement Act, and H.R. 4411, the Goodlatte-Leach Internet Gambling Prohibition Act.[38][39] To restore online gambling rights, in 2007 Frank sponsored H.R. 2046, the Internet Gambling Regulation and Enforcement Act.[40] This bill would have established licensing and regulation of online gaming sites. It provided for age verification and protections for compulsive gamblers. In 2008, he and Paul introduced H.R. 5767, the Payment Systems Protection Act, a bill that sought to place a moratorium on enforcement of the Unlawful Internet Gambling Enforcement Act while the United States Treasury Department and the Federal Reserve defined “unlawful Internet gambling”. As a result of these efforts, Frank (who does not gamble) has been praised by poker players and online gamblers, including many Republicans

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