U.S. House Financial Services Committee Chairman Barney Frank (D-MA) introduced this morning the “Internet Gambling Regulation and Enforcement Act of 2007,” a bill that would effectively repeal the UIGEA by creating an exemption to the ban on online gambling for properly licensed operators, thus allowing Americans to lawfully bet online.

As we reported two weeks ago, there is no carve out for poker, as Franks sees no need to “draw a distinction between poker and blackjack” in his efforts to undo the “preposterous” UIGEA.

According to Gambling911.com, the Financial Services Committee will hold a hearing entitled, “Can Internet gambling be regulated to protect consumers and the payments system?” at a date to be determined in June.

For a Q+A about the Internet Gambling Regulation and Enforcement Act of 2007, including info on consumer protections and license requirements, click here.

For a link to a link to a link of the scandalous solo-riffic sex tape erotic educational video of G911′s Jenny Woo (seen in photo pledging allegiance to Wicked Chops Poker), go here and scroll down to the first comment.

UPDATE: Relevant links off the House Committee on Financial Services website (all PDFs):

:: VIEW BILL

:: VIEW Q+A OF LEGISLATION

:: VIEW SUMMARY OF BILL

Tagged as: Barney Frank, Jenny Woo, UIGEA

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