BUSINESS

Kyl/Geithner deal means no more delay of UIGEA

TAGs: Jon Kyl

BillBecomesLawThere will be no further delay in implementing the Unlawful Internet Gambling Enforcement Act, meaning the regulations will take effect June 1. According to Congressman Barney Frank, Treasury Secretary Tim Geithner made a deal with Senator Jon Kyl to ensure the act would take effect as scheduled in exchange for Kyl ending his one-man block of President Obama’s Treasury nominees. Ah, politics… Funny how that Schoolhouse Rock bit on how a bill becomes a law failed to mention the “I’ll hold my breath until I get my way” part of the process. Read more.

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