WASHINGTON (Reuters) - Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday.
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# ]* b7 M0 g" S8 v& R4 r, UThe House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law.
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The bill, a compromise between earlier versions passed by the two chambers, would make it illegal for banks and credit card companies to make payments to online gambling sites.
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/ T1 [9 H+ `6 P9 zDemocrats had accused Republicans of pushing the bill to placate its conservative base, particularly the religious right, before the November 7 congressional elections. & k" x3 Q6 Y* p& W0 _' Y) K
. ?. k$ L4 |* d/ p8 [5 y"It's been over 10 years in the making. The enforcement provisions provided by this bill will go a long way to stop these illegal online operations," said Sen. Jon Kyl, an Arizona Republican and a chief sponsor of the measure.
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Negotiators from the Republican-led House and Senate reached a deal on the legislation Friday and attached it to unrelated legislation to bolster port security, which the Congress approved. 6 Y& R' B1 }, l* H0 U' ]
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The final bill dropped earlier provisions opposed by some gaming interests that would have clarified that a 1961 federal law banning interstate telephone betting also covers an array of online gambling. ( M! a8 b$ R1 w, K3 a( ^! z
/ m% b X8 x( B" `7 JInvestors in British-based gaming companies such as BETonSPORTS Plc, Partygaming Plc and 888 Holdings Plc have tracked the legislation. ' J1 m! l. e; u8 y8 f: n3 c
" {4 o) n/ s& e$ uSenate Majority Leader Bill Frist, a Tennessee Republican and potential 2008 presidential candidate, recently appeared at a hearing in Iowa -- the state that holds the first presidential nominating contest for the 2008 election -- to listen to concerns about Internet gambling. |
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