Barney Frank’s bill to establish federal regulation of Internet gambling set for Tuesday markup

The Committee on Financial Services of the U.S. House of Representatives has posted Congressman Barney Frank’s bill to establish federal regulation of Internet gambling for Tuesday markup.

“Markup” is the process by which congressional committees and subcommittees debate, amend and rewrite proposed legislation.

Frank, an advocate of legalized Internet gambling, is chairman of the powerful committee.

His bill, the “Internet Gambling Regulation, Consumer Protection and Enforcement Act,” introduced in May 2009, would establish a federal regulatory and enforcement framework under which Internet gambling operators could obtain licenses to legally provide gambling services in the United States.

Last week, members of the committee took prepared testimony from the U.S Chamber of Commerce, the National Association of Federal Credit Unions, the Mohegan Indian Tribe and professional poker player Annie Duke, all of whom stated their support for legalization.