Poker Players Alliance Applauds Six-Month UIGEA Regulation Delay

The Poker Players Alliance today issued a statement praising the joint decision by the Treasury Department and the Federal Reserve to push the deadline for enforcement of the UIGEA back to next June.

“The PPA is extremely pleased with the decision by the Federal Reserve and Treasury to grant the six month extension.  This is a great victory for poker, but an even greater victory for advocates of good and fair public policy,” said PPA Chairman and former Senator Alfonse D’Amato.  “These additional months are critical to provide legislators time to clarify UIGEA and pass legislation to license and regulate poker early next year.  It is our hope that another extension would be granted should the deadline approach before these pieces of legislation can be passed.”

While its statement applauded the new delay in implementing UIGEA, the PPA also noted that it plans to continue lobbying Congress in the meantime to pass legislation that protects poker and online poker players by licensing and regulating the game within the United States. House Financial Services Committee chairman Barney Frank (D-MA) has already scheduled a hearing on his two bills, H.R. 2266, Reasonable Prudence in Regulation Act, and H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, for next Thursday, December 3rd. A full webcast of the committee hearing will be available here.

“PPA is continuing its efforts to urge members of Congress to implement thoughtful and effective regulation of the online poker as opposed to outright prohibitions, which history has shown do not work,” said D’Amato. “We are thankful to our co-petitioners the National Thoroughbred Racing Association and the American Greyhound Track Operators Association and for the dozens of members of Congress who voiced their support for this petition through letters to Secretary Geithner and Chairman Bernanke.  The PPA looks forward to working with regulators and legislators to pass legislation that protects consumers and the great game of poker.”

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