As reported by the Westfall Weekly News: “A U.S. House committee on Wednesday approved a bill aimed at stamping out the $12 billion Internet gambling industry by stopping businesses from accepting credit cards and other forms of payment.
“The bill, cleared by voice vote in the House Financial Services Committee, would prohibit a gambling business from accepting credit cards, checks, wire transfers and electronic funds transfers in illegal gambling transactions.
“?But Massachusetts Democratic Rep. Barney Frank, the top Democrat on the House committee, opposed the bill. He said Congress should not seek to control how adults spend their money just because some lawmakers oppose gambling?”
