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#22
11-08-2006, 07:25 PM
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If poker lobbys Barney Frank for one, along with the Banks\' input.
Keep in mind the following:
1. DOJ does NOT write the Regs. Treasury and the Fed will do so, I think. 2. The Banking industry does not want an unfunded regulatory burden and possible penalties for failure. Fortunately, the Bill's real Safe Harbor is that Banks need only comply with whatever Regs are written, however loosely or weakly. The Bill gives VERY wide latitude for writing weak regs. 3. The House Financial Services Committee, which can take oversight on the Act and Regs, is going to be chaired by BARNEY FRANK, who has never been shy about his dislike for the Act. Now, we need to work as hard again as in the week before the Act passed. 
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#23
11-08-2006, 07:32 PM
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Re: Election Results impact on gambling ban?
[ QUOTE ]
Ok, so if this changes nothing, what *is* going to happen? Who's going to write regs? What will they say? What will be done after that in regards to compliance/enforcement? You're saying there's no variability in any of these things based on the influence/strength-of-will coming from Congress? [/ QUOTE ] Federal Regulators have 270 days to write the new regs... What will they Say??? I don't know... Do you know anyone who is in such a position??? If you do... Chances are they don't know either since they have 270 days... The DOJ will decide how they will pursue any transgressions after the regulations have been crafted... How will they pursue... I don't know... Tune in at 11 to find out... The legislation has been passed... There ya go... There is no reason to hope the new elected officials will help in any way at this time... The House would have to write contrary legislation to make things right and IMO they will not do that without influence and right now they have no reason to consider it... So therefore, The reasons I listed in my previous post are the way that positive winds of change will blow... As for the Regulations... The Storm is coming... Light Rain or all Hell Breaking loose is anyone's guess but the new Senate or House will not be in the position to effect it... The Legislation has been passed... It's out of Frist's grubby little hands now... The Legislation has been passed... We have to take it unless we have a power position with MGM... Decide to fight it in court... Or Band Together to form a PAC... and at the very least... VOTE against those that put us in this position...
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#24
11-09-2006, 12:00 AM
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Re: Election Results impact on gambling ban?
You think Congress has no ongoing influence on the process, now that the bill is passed? And you think the agencies charged with reg crafting and enforcement will pursue their job with 100% vigor--even if Congress is no longer behind the bill at all? Everything I know about bureaucracies, large organizations, and people would suggest otherwise. People don't generally insist on creating extra hassle for themselves in their jobs. I'm not going to work my ass off to do a super-thorough job on something my boss considers a low priority.
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#25
11-09-2006, 12:28 AM
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Re: Election Results impact on gambling ban?
The WTO ruling may provide an impetus for getting the ball rolling in our direction. We need a PAC with a poker star connection and one volunteer for every casino in the US so we can spread the word. We need fundrasier tourneys. We need a champion for our cause in the Senate and in the House. McCaskill may be our senate hero. We need someone with time and knowlegdge to get this going. We need support from PPA because they have 100k+ members and at $10 each we will get some attention. This would have been better in list form but I didn't forsee it getting to list length when I got started.
Is there a reputable, knowledgable poster here who could take charge of starting such a huge undertaking? Someone who thinks they could get a few thing form that list going in a professional manner and will at least have good support from 2+2 posters? Nominations?
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#28
11-09-2006, 10:12 AM
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Re: Election Results impact on gambling ban?
This is already somewhat in the works - I have been trying to get Full tilt to answer on the poker tourney and i am still needing help settin up the 527 (easier to set up than PAC) This hinges on a site allowing us to do the tourney though, and so far Full tilt and stars have not responded back - i am hoping to hear something by the end of the week.
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#29
11-09-2006, 12:52 PM
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Re: Election Results impact on gambling ban?
[ QUOTE ]
This hinges on a site allowing us to do the tourney though, and so far Full tilt and stars have not responded back - i am hoping to hear something by the end of the week. [/ QUOTE ] If Stars doesn't answer by the end of the week, you may be able to call out Lee in a new thread? He's always quick to respond.
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#30
11-09-2006, 01:03 PM
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Re: Election Results impact on gambling ban?
here's Barney Franks thoughts on the gambling bill.
http://www.house.gov/frank/internetg...gjuly2006.html
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