Barney Frank Want To Propose A Bill Which Aims To Lift The Restrictions In SUA Over Online Gambling
The Barney Frank chairman of the House Financial Services Committee, propose a bill which aims to lift the restrictions in the United States over online gambling. 
Barney Frank introduced this bill to make it legal again for credit card companiesand banks to make payments to online gambling sites.The bill intends to ensure and safeguard that online gamblers are at least 18 years old and live in a state that permits online gambling, while preventing fraud and compulsive gambling.
Frank have the support of online poker, blackjack and roulette players and he states that online gambling services should be regulated rather than outlawed.
Under the terms of the bill, the US Treasury Department would license online gaming operators and retain the power to revoke the licence of any firms found guilty of violating the law.
Although Mr Frank’s proposal faces strong opposition from Republican groups, Evolution Securities analyst Ivor Jones told Reuters that the bill is likely to boost online gambling firms even if it ultimately fails.
