Frank bill gaining support

October 23, 2007 1:06 AM
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Steve Cohen, Tennessee Representative, has signed on to co-sponsor Barney Frank’s IGREA bill, which would set up a framework for legalizing and regulation online gambling while repealing last year’s Unlawful Internet Gambling Enforcement Act.

Cohen signed on last week making the total number of co-sponsors now 39.  

The IGREA would set up a system to license and control the online gambling business and overturn the UIGEA that was passed late last year.

Many U.S. residents do not even realize there is a ban on online gambling. The percentage of U.S. residents who have stopped online gambling is small, less than half a percentage point.