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UIGEA Update: 12 September
Move announced to protect financial services and clarify Lawful Internet Gambling Activities
Congressman Barney Frank, has introduced the Payments System Protection Act of 2008, in a move to create a formal process defining what types of online gambling are unlawful. It is hoped that the move will create more clarity, especially for the payments sector; currently under pressure to help police UIGEA. 
The Payments System Protection Act, announced on September 11, would require that federal regulators recruit a special Administrative Law Judge to investigate the impact on the economy of complying with UIGEA, as well as defining what constitutes unlawful gambling.
The move follows the defeat of the first Payments System Protection Act which attempted to block the implementation of UIGEA.
Chairman Frank commented earlier in the year on this situation facing the US payments system, saying: "Hijacking the financial payment system at a time when it is under major stress and giving them the job of carrying out an unclear mandate doesn't make sense," he said.
Barney Frank supports the Internet Gambling Regulation and Enforcement Act of 2007, which seeks to allow licensed gambling, but includes strict governance to guard against under age gambling, money laundering, identity theft and problem gambling.
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