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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The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law. 4 W9 y7 O: l6 ]# ^$ d( h
) ?6 F. ] ~. e k* J1 j2 LThe 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. ! p( g" H+ D5 ?2 E
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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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"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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, o7 o6 `) G: j& Z; G; B/ ~0 o2 g! BNegotiators 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. # q n+ E) z2 ?1 q( M" z
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Investors in British-based gaming companies such as BETonSPORTS Plc, Partygaming Plc and 888 Holdings Plc have tracked the legislation. # B! A+ J) q! X i: O; H4 t4 f
/ D3 Q) N6 d8 k2 z G4 ESenate 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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