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Yes, this is not the first time that Representative Barney Frank has introduced legislation aimed at legalizing online casinos.  As with any bill, supporters should not celebrate too early for many things can through it off the track of becoming a law.  However, this new bill introduced by the Chairman of the House Financial Services Committee is far from being a shot in the dark and holds real promise of success.

The new bill introduced by Frank on May 6^th would give authority to the United States Treasury Department to regulate online casinos by establishing operating guidelines and issuing licenses.  The Treasury Department would also be able to suspend or revoke the license of any party that does not adhere to the guidelines.

Less publicized that the Frank bill is another piece of legislation that will help legal online casinos become a reality in the United States.  Jim McDermott of the Ways and Means Committee introduced bill HR2268.  This bill in particular outlined the collection of tax revenues associated with online casinos.

As with anything in Washington D.C. a major part of what gets a law passed is how it is perceived or pitched.  Barney Frank has stood behind the term personal freedom in this instance; in that he believes American citizens should have the right to spend their own money on online casinos or any other way they see fit with little interference from the United States government.

“The government should not interfere with people’s liberty unless there’s a good reason,” said Frank.

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