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Bill introduced to prevent banks participating in net gambling

16 February 2001

Republican James Leach reintroduced legislation on this week that would make it illegal to use checks, debit, and credit cards to pay debts for or to receive profits from online gaming. According to Leach aide, Dave Runkel, the bill would “surgically remove” the means by which anyone gambling on the Net could either receive profits of winnings or pay off their debt to an Internet gambling operation, said Leach aide Dave Runkel. “People just wouldn''t do this unless they could get their profits back when they win, and what company would want to continue its activities if there were no means by which they could collect from people who lose money?” The bill is based on a bill that was passed last year by the House Banking Committee, which Leach chaired at the time. (Now known as the Financial Services Committee.) Anti-online gambling supporters have expressed their support for the bill, which they say is elegantly simple compared to the proposed Goodlatte bill that fell short last year.

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