news article 10

On Friday, the U.S. House Financial Services Committee chairman Barney Frank and senior member Ron Paul announced the introduction of legislation to prohibit the federal government from issuing regulations called for in the Unlawful Internet Gambling Enforcement Act of 2006. The legislation, H.R. 5767, will forbid the secretary of the Treasury and the board of governors of the Federal Reserve System from proposing, prescribing, or implementing any regulation that requires the financial services industry to identify and block internet gambling transactions. There have been issues dealing with internet gambling for the last few years because there is really no way to control what people do with their own money and by u sing the internet they can gamble on sites run from over-seas. According to Ron Paul the Act of 2006 infringes on two basic rights of Americans: freedom from the government regulating our internet use, and the right to do what we want with our own money. These two reasons are solid grounds for getting rid of the Act because honestly what is the harm in people spending their own money gambling? The internet allows us to gamble with/against people in other countries and makes it so we do not have to go to Vegas to go on a gambling spree. I think that the main concern with the Act of 2006 is the rights of Americans. The expense of enforcing the regulations is an unnecessary cost for our country and we should focus on more significant issues than someone losing their money on an online poker site etc.