House panel OKs bill to stop Net gambling.. [View All]

[converted_democrat]

http://www.msnbc.msn.com/id/11844647/

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WASHINGTON - A House committee Wednesday approved a bill aimed at stamping out the $12 billion Internet gambling industry by stopping businesses from accepting credit cards and other forms of payment.

The bill, cleared by voice vote in the House Financial Services Committee, would prohibit a gambling business from accepting credit cards, checks, wire transfers and electronic funds transfers in illegal gambling transactions.

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"It is disingenuous to oppose Internet gambling and then write a bill that makes select forms of online gambling legal," said Michael Bolcerek, president of the group.

If you read the entire article it states that Representative Barney Frank opposed the bill.. He thinks adults should be allowed to spent their money anyway they see fit.. I agree with him..