Summary
WASHINGTON - The Bush administration is moving in its last weeks to finalize regulations to enforce a law that seeks to block Internet gambling. The move is drawing hot protests from Democratic lawmakers and supporters of online betting.
"This midnight rulemaking will tie the hands of the new administration, burden the financial services industry at a time of economic crisis and contradict the stated intent of the Financial Services Committee," the committee's chairman, Rep. Barney Frank, D- Mass., wrote this week to Treasury Secretary Henry Paulson.See the full content of this document
Extract
Treasury Pushes Online Gambling Curbs
Frank asked Paulson to postpone the regulation, which was reviewed by the White House budget office last week, usuall...
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