WASHINGTON (Reuters) - Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday.. ]# T4 s: q2 ]
3 ?9 o' J9 Q0 A0 T9 P) v$ @The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law. 3 z* J8 `4 i- X. i" Q* F- D* r
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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. 8 \! U2 t* m) y c5 B* j7 p
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Democrats had accused Republicans of pushing the bill to placate its conservative base, particularly the religious right, before the November 7 congressional elections.
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; M' m5 N r& v z3 B% }"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. , W- e1 h: T& _
+ x. M& W7 z- e7 ]$ l, s) i+ U& oNegotiators 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.
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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.
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1 f; x5 `$ M+ d) V$ SInvestors in British-based gaming companies such as BETonSPORTS Plc, Partygaming Plc and 888 Holdings Plc have tracked the legislation.
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, y( F) a: X" v% k4 P- l& u8 R/ VSenate 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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