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UIGEA Regulation Hearing Finally Set After Months of Rumors

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The Unlawful Internet Gambling Enforcement Act was created and has many holes in its armor. Proposals have been on the table about regulations for the UIGEA.

Up until now, it had been rumored that those proposals would be taken seriously. With no hearings scheduled, people were left to wonder if the regulations would ever be discussed.

Now, those rumors can be put to rest. Representative Luis Gutierrez, the Chairman of the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, has announced that a hearing has been set regarding this issue.

The hearing will most likely include opinions they have gathered from various groups regarding the proposed regulations. Those include religious groups, banks, and citizens.

It is just speculation as to what exactly will be discussed at the meeting, because nobody was available to comment on precisely what would be discussed.

Just the fact that the hearing is now scheduled is a step in the right direction. For months, rumors have been swirling regarding possible regulations, but there has been no substance to those rumors. That has changed now that the hearing has been set.

Wednesday, April 2nd, 2008 is the date of the hearing. The time will be 10:00 A.M.. Check back with CGW as we will have in depth coverage of this important issue as it relates to online gambling.

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