Unlawful Internet Gambling Funding Prohibition Act

Bill: 108-hr-2143
Sponsor: Rep. Bachus, Spencer [R-AL-6]
Introduced: 2003-05-19 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative procedure
Checks
Commerce
Computer crimes
Consumer credit
Credit cards
Crime and Law Enforcement
Crime prevention
Debtor and creditor
Department of the Treasury
Electronic funds transfers
Federal Deposit Insurance Corporation
Federal Reserve System
Financial institutions
Foreign Trade and International Finance
Gambling
Government Operations and Politics
Government corporations
Independent regulatory commissions
International banking
Internet
Law
National Credit Union Administration
Science, Technology, Communications
Securities and Exchange Commission
Securities regulation
Sports and Recreation

Summary:
action_date: 2003-05-19
text: Unlawful Internet Gambling Funding Prohibition Act - Directs Federal functional regulators to prescribe and enforce regulations requiring any designated payment system to establish policies and procedures reasonably designed to identify and prevent restricted transactions. Defines a "restricted transaction" as any transaction or transmittal to anyone engaged in the business of betting or wagering in connection with another person's participation in unlawful Internet gambling of credit, electronic fund transfers, checks, or the proceeds of any other form of financial transaction as regulators may prescribe. Requires regulators to consider exempting restricted transactions if the regulators find that it is not reasonably practical to identify and block, or otherwise prevent, such transactions.
action_date: 2003-06-02
text: Unlawful Internet Gambling Funding Prohibition Act - Directs Federal functional regulators, within six months of this Act's enactment, to prescribe regulations requiring any designated payment system to establish policies and procedures reasonably designed to: (1) identify restricted transactions by means of code in authorization messages or other means and to block such transactions; and (2) prevent the acceptance of the products or services of the payment system in connection with a restricted transaction. Defines a "restricted transaction" as any transaction or transmittal to anyone engaged in the business of betting or wagering in connection with another person's participation in unlawful Internet gambling of credit, electronic fund transfers, checks, or the proceeds of any other form of financial transaction as regulators may prescribe. Requires such regulators and the Federal Trade Commission to enforce such regulations (under applicable law in the manner provided under the Gramm-Leach-Bliley Act) after considering specified factors concerning the extent of the violation, the history of compliance, and the feasibility and burden of implementing a remedy. Requires regulators to consider exempting restricted transactions if the regulators find that it is not reasonably practical to identify and block, or otherwise prevent, such transactions.
action_date: 2003-06-03
text: 

(This measure has not been amended since it was reported in the House on June 2, 2003. The summary of that version is repeated here.)

Unlawful Internet Gambling Funding Prohibition Act - Directs Federal functional regulators, within six months of this Act's enactment, to prescribe regulations requiring any designated payment system to establish policies and procedures reasonably designed to: (1) identify restricted transactions by means of code in authorization messages or other means and to block such transactions; and (2) prevent the acceptance of the products or services of the payment system in connection with a restricted transaction. Defines a "restricted transaction" as any transaction or transmittal to anyone engaged in the business of betting or wagering in connection with another person's participation in unlawful Internet gambling of credit, electronic fund transfers, checks, or the proceeds of any other form of financial transaction as regulators may prescribe. Requires such regulators and the Federal Trade Commission to enforce such regulations (under applicable law in the manner provided under the Gramm-Leach-Bliley Act) after considering specified factors concerning the extent of the violation, the history of compliance, and the feasibility and burden of implementing a remedy. Requires regulators to consider exempting restricted transactions if the regulators find that it is not reasonably practical to identify and block, or otherwise prevent, such transactions.


action_date: 2003-06-10
text: Unlawful Internet Gambling Funding Prohibition Act - Directs Federal functional regulators, within six months of this Act's enactment, to prescribe regulations requiring any designated payment system to establish policies and procedures reasonably designed to: (1) identify restricted transactions by means of code in authorization messages or other means and to block such transactions; and (2) prevent the acceptance of the products or services of the payment system in connection with a restricted transaction. Defines a "restricted transaction" as any transaction or transmittal to anyone engaged in the business of betting or wagering in connection with another person's participation in unlawful Internet gambling of credit, electronic fund transfers, checks, or the proceeds of any other form of financial transaction as regulators may prescribe. Requires such regulators and the Federal Trade Commission to enforce such regulations (under applicable law in the manner provided under the Gramm-Leach-Bliley Act) after considering specified factors concerning the extent of the violation, the history of compliance, and the feasibility and burden of implementing a remedy. Requires regulators to consider exempting restricted transactions if the regulators find that it is not reasonably practical to identify and block, or otherwise prevent, such transactions.
Provides that no provision of this Act shall be construed as affecting any law relating to, affecting, or regulating gambling within the United States.

Legislative actions:
action_date: 2003-06-11
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2003-06-10
text: The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2143.
action_date: 2003-06-10
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2003-06-10
text: On passage Passed by the Yeas and Nays: 319 - 104 (Roll no. 255).
action_date: 2003-06-10
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 319 - 104 (Roll no. 255).
action_date: 2003-06-10
text: The previous question was ordered pursuant to the rule.
action_date: 2003-06-10
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2143.
action_date: 2003-06-10
text: DEBATE - Pursuant to H. Res. 263, the Committee of the Whole proceeded with twenty minutes of debate on the Sensenbrenner amendment.
action_date: 2003-06-10
text: Subsequently, Ms. Jackson-Lee asked unanimous consent to withdraw her request for a recorded vote. Without objection her request is agreed to and the Chair announced that the amendment failed by voice vote.
action_date: 2003-06-10
text: POSTPONED VOTE - At the conclusion of debate on the Jackson-Lee, (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson-Lee, (TX) demanded a recorded vote and the Chair postponed further proceedings until later in the legislative day.
action_date: 2003-06-10
text: DEBATE - Pursuant to H. Res. 263 the Committee of the Whole proceeded with ten minutes of debate on the Jackson-Lee (TX) amendment.
action_date: 2003-06-10
text: DEBATE - Pursuant to H. Res. 263 the Committee of the Whole proceeded with 10 minutes of debate on the Kelly amendment.
action_date: 2003-06-10
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2143.
action_date: 2003-06-10
text: The Speaker designated the Honorable Lee Terry to act as Chairman of the Committee.
action_date: 2003-06-10
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 263 and Rule XXIII.
action_date: 2003-06-10
text: Rule provides for consideration of H.R. 2143 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. After general debate, the bill shall be considered for amendment under the five-minute rule. Makes in order only those amendments printed in House Report 108-145. Provides that the amendments may be considered only in the order printed, offered only by a Member designated in the report, considered as read, debatable for the time specified, equally divided and controlled by the proponent and an opponent, not be subject to amendment, and not be subject to a demand for a division of the question in the House or in the Committee of the Whole. Waives all points of order against the amendments.
action_date: 2003-06-10
text: Considered under the provisions of rule H. Res. 263. (consideration: CR H5136-5153; text of measure as reported in House: CR H5145-5146)
action_date: 2003-06-10
text: Rule H. Res. 263 passed House.
action_date: 2003-06-09
text: Rules Committee Resolution H. Res. 263 Reported to House. Rule provides for consideration of H.R. 2143 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. After general debate, the bill shall be considered for amendment under the five-minute rule.
action_date: 2003-06-03
text: Supplemental report filed by the Committee on Financial Services, H. Rept. 108-133, Part II.
action_date: 2003-06-03
text: Supplemental report filed by the Committee on Financial Services, H. Rept. 108-133, Part II.
action_date: 2003-06-02
text: Placed on the Union Calendar, Calendar No. 68.
action_date: 2003-06-02
text: Reported by the Committee on Financial Services. H. Rept. 108-133, Part I.
action_date: 2003-06-02
text: Reported by the Committee on Financial Services. H. Rept. 108-133, Part I.
action_date: 2003-05-21
text: Ordered to be Reported by Voice Vote.
action_date: 2003-05-21
text: Committee Consideration and Mark-up Session Held.
action_date: 2003-05-19
text: Referred to the House Committee on Financial Services.
action_date: 2003-05-19
text: Introduced in House
action_date: 2003-05-19
text: Introduced in House