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.
Other Bill Titles (3 more)Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 11, 2008 |
In the News
October 02, 2008 Menendez stellt Gesetzentwurf zur Lizenzierung und Kontrolle von ...
Kurz bevor S. 3616 vorgestellt wurde, war hatte der Gesetzentwurf HR 6870 den Finanzausschuss des Repräsentantenhauses erfolgreich passiert. ...
September 27, 2008 Internet Gambling Sites Develop Kentucky Backup Plans
In the US, Congressman Barney Frank (D-MA) introduced HR 6870, the Payments System Protection Act. It was passed out of the House Financial Services ...
September 24, 2008 On Poker: Legislator takes another swing at reversing unpopular ...
HR 6870 wants to force lawmakers to define that language. Banks were originally told to block all transactions made to online sports gambling accounts, ...
Blog Coverage
November 18, 2008 IAVA and Ad Council Launch National PSA Campaign for Veterans of ...
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Source: Live Free Or Die
November 14, 2008 US Congress About to Reboot
HR 6870 â Payments System Protection Act of 2008 was introduced by Congressman Barney Frank, chairman of the House Financial Services Committee and is his second attempt at weakening the UIGEA by requiring federal drafters to define ...
November 13, 2008 UIGEA Regulations Approved
HR 6870, the second version of the Payments System Protection Act, sought to develop a list of what is permissible under the law. In September, the bill passed by a 30-19 vote in the House Financial Services Committee. ...
Source: Poker News Daily











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Comments
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
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