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UIGEA is Finalized -- Rules Can Be Implemented By Dec. 2009

Pokers Players Alliance Expresses Its 'Extreme Disappointment'

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The UIGEA has been finalized.The Office of Management and Budget (OMB) had until Nov. 19 to sign off on the Unlawful Internet Gambling Enforcement Act (UIGEA) to ensure that the mandatory 60-day-review period that started upon approval would be completed before President George W. Bush left office. They beat out their deadline by seven days.

In a move that the Poker Players Alliance (PPA) Chairman and former Senator Alfonse D’Amato said “finalizes a truly bad public policy,” the OMB completed and approved the UIGEA today. In 60 days, the specific conditions of the UIGEA can be approved. They would go into effect in December 2009.

D’Amato and the PPA said they were extremely disappointed in the action, but believed that it would be overturned with a new president and a new administration.

“The PPA remains optimistic that the new administration and the new Congress will recognize the failures of the UIGEA and will act swiftly in the new year to overturn this flawed policy,” said D’Amato.

The UIGEA was first passed as an attachment to the Safe Port Act of 2006. The act makes it illegal for banks, credit card companies, and payment processors like PayPal to transfer funds from gamblers to online casinos, and vice versa.

Card Player first reported on Monday that the UIGEA was being fast-tracked to implementation.

 
 
 
 

Comments

pokerpro1078
almost 13 years ago

should i be withdrawing my money from all accounts now ??

 
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detroitjunkie
almost 13 years ago

i said it before and ill say it again, if you live near a boarder (canada or mexico) bank accounts there are easy to get (if you have a passport). here in michigan it is really simple process to get a canadian bank account, i have one already, and since alot of these places use canadian banks to write players checks (cake poker does) the clearing of said check is not only legal in that country but also alot faster
food for thuoght - now im hungry
detroitjunkie

 
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darrenpb
almost 13 years ago

The 60 day review period is based on the Congressional Review Act of 1996. There is also a clause in this act that says if the rule is published within 60 session days of the Senate adjourning, the review will rollover to the next session, beginning 15 session days into the next session, sometime in February. If this congress adjourns on December 31st, then any rule published on or after October 3rd rolls over to the new congress. The new congress will be in session when this rule is reviewed and can be killed by a simple majority vote by both houses with no chance for fillibuster.

 
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timowens248
almost 13 years ago

DETROIT JUNKIE!!!!!!!!!!!!!!!!!!!!!!!!!! please help!!! i'm also in michigan... how did you get a canadian bank account????? i just applied for my passport today... so it should be here in a couple weeks.... please help a fellow poker player out!! I was planning on going to London to try to get one there... but canada is a million times better!!! .... I just can't think of a "legitimate excuse" for me to need a canadian bank account.... TIMOWENS@GMAIL.COM ... please help!!!!!!!!!!!!!!!

 
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pokerpro1078
almost 13 years ago

darren pb.. You sound like you know whats up and how this works. So i still have time before withdrawing my money on all accounts ?I am living of a small gov check from time in service and rely on poker as income this is just crazy idk ..guess where all fucked

 
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darrenpb
almost 13 years ago

Pokerpro,
This rule affects US banks only. There will always be alternatives. Worst case if transactions are blocked, open up an offshore account and change the banking info in your poker account. No big deal. If this rule goes into effect, it may slow you down a little at first but it won't stop you. You don't need to rush and dump your money out of your account. It's not going anywhere and there will always be options available.

Of course, that's just my opinion and I could be wrong.

Darren

 
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darrenpb
almost 13 years ago

Based on the Congressional Review Act, a rule cannot go into effect until after the 60 day review period has expired. The UIGEA rule will rollover to the new Congress beginning next year and the review period will begin 15 session days into the new session. Lets assume that day is February 1st. The earliest the rule can go into effect is 60 days after that, or somewhere around April 1st. Bush was trying to beat the 60 day deadline to have a whole slew of rules go into effect before Obama takes over. However, Bush's staff did not pick up on the clause rolling over the rules into the next congress. So as a result there are a lot of new rules from Bush that will be reviewed by the new congress. Obama's people are looking at them all now and are preparing a plan of action to kill a lot of them. It's my gut feeling that the new congress will take all the rules they want to overturn and package them into a single vehicle that will allow them all to be overturned together with a singe vote by each house. The UIGEA rule will probably be included in this package.

Cheers.

 
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