Tuesday, July 11, 2006

Detailed, up-to-date bill status information on H.R.4411.

ON CSPAN LIVE NOW!!! 07/11/06 9:45am CDT

Congressional Legislation

'To prevent the use of certain payment instruments, credit cards, and fund transfers for unlawful Internet gambling, and for other purposes. '
Bill # H.R.4411

Original Sponsor:
Jim Leach (R-IA 2nd)

Cosponsor Total: 36
(last sponsor added 05/11/2006)
3 Democrats
33 Republicans

About This Legislation:

5/26/2006--Reported to House, amended, Part II. (There are 2 other summaries)
Unlawful Internet Gambling Enforcement Act of 2006 - Amends the federal criminal code to prohibit persons engaged in the business of betting or wagering from knowingly accepting credit, electronic fund transfers, checks, drafts, or similar instruments, or the proceeds of any other financial transaction in connection with unlawful Internet gambling (this prohibition is defined by this Act as a "restricted transaction").
Directs the Secretary of the Treasury and the Board of Governors of the Federal Reserve System to prescribe regulations to identify and block restricted transactions and transmissions of wagering information. Grants financial organizations immunity from civil liability for blocking transactions which they reasonably believe are restricted transactions.
Grants U.S. district courts original and exclusive jurisdiction to prevent and restrain restricted transactions. Authorizes the Attorney General or any state attorney general to institute proceedings to prevent or restrain a restricted transaction.
Imposes fines and/or a five-year term of imprisonment for violations of this Act. Authorizes a court to enter a permanent injunction prohibiting an individual convicted of a violation of this Act from engaging in betting or wagering activities.
Authorizes the prosecution of otherwise exempt financial transaction providers, interactive computer services, or telecommunications services that have actual knowledge and control of bets and wagers and that operate, or are controlled by an entity that operates, an unlawful Internet gambling site.
Calls for the U.S. government, in deliberations with foreign governments, to: (1) encourage cooperation by foreign governments in identifying whether Internet gambling operations are being used for money laundering, corruption, or other crimes; (2) advance policies that promote international cooperation in enforcing this Act; and (3) encourage the Financial Action Task Force on Money Laundering to study the extent to which Internet gambling operations are being used for money laundering purposes.
Directs the Secretary to report to Congress annually on deliberations between the United States and other countries on Internet gambling.

Detailed, up-to-date bill status information on H.R.4411.