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Posts Tagged ‘bill’

One of the disturbing aspects of the whole bailout thing is the staggering amount of power it gives to Paulson, the Treasury secretary (basically, complete discretion, with virtually no oversight, about how to spend $700 billion). You’d think that the Congress would try to solve this problem, not make it worse. The whole thing beggars belief.

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If you, like me, think it is outrageous that the US government tells you that you may not indulge in internet gambling, you can call, fax or email House Financial Services Committee and let your views be known. For more details, click here.

If you decide to act, please do so by Tuesday. That’s when the house will consider the bill, co-authored by Barney Frank and Ron Paul, which aims to remove some of the most draconian aspects of the internet gambling ban. Here is what they have to say about the matter.

“These regulations are impossible to implement without placing a significant burden on the payments system and financial institutions, and while I do disagree with the underlying objective of the Act, I believe that even those who agree with it ought to be concerned about the regulations’ impact,” said Rep. Frank.

“The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own,” said Rep. Paul.

Indeed.

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