U.S. Congress - H.R.6870 Payments System Protection Act of 2008
H.R.6870 - Payments System Protection Act of 2008
To ensure that implementation of proposed regulations under subchapter IV of chapter 53 of title 31, United States Code, does not cause harm to the payments system, and for other purposes. view all titles (3)
All Bill Titles
- Official: To ensure that implementation of proposed regulations under subchapter IV of chapter 53 of title 31, United States Code, does not cause harm to the payments system, and for other purposes. as introduced.
- Popular: Payments System Protection Act of 2008 as introduced.
- Short: Payments System Protection Act of 2008 as introduced.
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The main reason this bill is important, in my opinion, is because the previous legislation proposed forces the banks to have to police what constitutes "games of skill" occurring on web sites. If the government is going to try to regulate this sort of entertainment, they a) should first define exactly what is and isn't allowed, and b) enforce it themselves.
For more info, take a look here: http://netfreedomforever.com/vote.php