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Internet Gambling Regulation and Enforcement Act of 2007

Introduced: April 26, 2007 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2007
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Apr 26, 2007
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 26, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Internet Gambling Regulation and Enforcement Act of 2007 - Amends federal law governing monetary transactions to establish an Internet Gambling Licensing Program administered and enforced by the Director of the Financial Crimes Enforcement Network (Director).

Prescribes requirements for the licensing of Internet betting or wagering.

Provides that activities involving investment banking, payment and transaction processing, and financial transactions are shielded from liability if they are conducted in compliance with this Act and specified law.

Authorizes states, Indian tribes and sporting leagues to prohibit internet gambling licenses.

Subjects violators of this Act to criminal penalties.

Instructs the Director to report annually to Congress on the licensing and regulation of Internet gambling operators.

What's happening now April 30, 2007

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

 Committees of jurisdiction 3