The Senate Banking Committee last week passed legislation outlawing the use of credit cards and electronic payment systems at offshore online casinos.
A similar version of the bill was passed in the House of Representatives in June by a 319-104 margin, although state-sanctioned sites offering gambling opportunities for horse and dog racing were exempted from the provisions of H.R. 2143.
The Unlawful Internet Gambling Funding Prohibition Act (S.627) was sponsored by Senators John Kyl (R-Ariz), Dianne Feinstein (D-Calif), and Richard Shelby (R-Ala).
It carries criminal penalties for the newly-created crime of accepting credit card payments or electronic fund transfers for online gambling purposes, allows state and federal authorities to request injunctions against financial service providers and ISPs, and provides for federal banking regulators to require financial institutions to filter or block illegal online gambling transactions.
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