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A new tax reform bill to which Internet gambling legislation has been attached is facing long odds of passage, according to Washington insiders.

Frank Bill Still In Limbo  18 Mar, 2010 Not available

With the deadline for enforcing regulations to block Internet gambling just 75 days away, Rep. Barney Frank still has not scheduled a vote by the House Financial Services Committee on his bill to legalize and regulate online wagering.

The chairman of the House Financial Services Committee has predicted that the implementation of federal regulations on internet gambling should cause enough turmoil to advance repeal legislation which his own Committee is now treating as a priority.

An extended and sometimes heated debate on public housing legislation postponed a vote Tuesday by the House Financial Services Committee on Internet gambling, but the committee is expected to vote Wednesday on whether to legalize online betting.

US Senator Bob Menendez tells GamblingCompliance now is a ‘propitious time’ for his bill to exempt poker from the United States’ online gambling ban and adds that he plans to offer his measure as a revenue-raising vehicle during an upcoming hearing of the Senate Finance Committee.

A California Senate committee chairman is preparing a bill to regulate and tax Internet poker within the state's borders, according to one of the senator's top aides.

The battle in Congress over the Unlawful Internet Gambling Enforcement Act (UIGEA) is escalating, with the 2006 law’s chief architect blocking the approval of Treasury Department nominees in retaliation for the Obama administration’s recent delay in implementing the UIGEA regulations.

The House Financial Services Committee voted 41-22 on Wednesday to pass a bill that would legalize and regulate Internet gambling in the United States, while rejecting an amendment to protect tribal gaming interests.

A split in the Internet poker community on how to overcome a federal ban appeared to grow deeper Tuesday during a hearing by a state Senate committee in Tallahassee, Fla.

Any effort to repeal the United States’ federal ban on internet gambling appears set for failure unless Senate Majority Leader Harry Reid changes his mind and agrees that online wagering can be effectively regulated.