WASHINGTON (Reuters) - Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday.( G9 y) V; P K% t, j
: L" w! J; h; S7 C9 d- q
The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law. / B+ [3 F) v( P7 P5 n$ P! V% M, i
/ D# F& U, G0 K6 A6 K6 \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.
U2 G5 i. ]+ ^1 C& d' M! ?+ z& }! ?6 Y4 }% [- t$ C- R& Q
O0 @9 Z6 b/ y; {+ z3 z
1 a7 }$ D; w4 G% w6 ADemocrats had accused Republicans of pushing the bill to placate its conservative base, particularly the religious right, before the November 7 congressional elections. 6 G& g; x- R+ A: y( h0 t: V2 M" c
8 S* J% e. I j) e"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. # {1 Z5 z8 ?- L- B8 |- M
, {# w6 m& H; d. j
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. . ?' A- _5 J% G+ ~: g& l
- C0 T2 {$ X/ X& n0 nThe 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. ; l" H$ ^) ?" V c4 }+ _* t- R: _
7 E/ t% m0 K. `; h' iInvestors in British-based gaming companies such as BETonSPORTS Plc, Partygaming Plc and 888 Holdings Plc have tracked the legislation.
# h9 ~3 Z* L8 V7 V7 U8 H0 M
2 i) o) r- }1 o; v2 w, m& X+ }9 U, nSenate 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. |
|