WASHINGTON - Hoping to put a dent in the practice of gambling on the Internet, Reps. Jim Leach (R-Iowa), chairman of the House Banking and Financial Services Committee, and John J. LaFalce (D-N.Y.), ranking committee member, have introduced legislation which would prohibit the use of credit cards, checks or electronic fund transfers in Internet gambling. The proposed legislation, the Internet Gambling Funding Prohibition Act would make it illegal to use bank instruments to pay entry fees, place bets, collect betting winnings or conduct other gambling activities through the Internet. Bank instruments covered under the measure include credit cards, debit cards, electronic fund transfers through money transmitting businesses, checks, bank drafts or similar instruments drawn by or on behalf of a person payable through a financial institution. The bill was introduced to shore up H.R. 3125, the Internet Gambling Prohibition Act which the House Judiciary Committee approved last month. That legislation would extend the current ban on gambling over telephone lines to the Internet.
Reps. Leach, LaFalce introduce Internet gambling legislation
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