WASHINGTON, May 26 (UPI) -- A Democratic congressional member has re-introduced legislation that would reverse a ban on Internet gambling enacted when Republicans led the U.S. Congress.
The measure Rep. Barney Frank, D-Mass., introduced earlier in May would allow the U.S. Treasury department to license and regulate online gambling companies used by customers in the United States, The New York Times reported Tuesday. Currently, financial institutions are banned from handling transactions from Internet gambling sites.