Jeffrey Sandman, spokesman for the Safe and Secure Internet Gambling Initiative.

Representatives of the U.S. Department of the Treasury and Federal Reserve System.

Ms. Louise Roseman, Director, Division of Federal Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System.

Representatives from the American Bankers Association, Financial Services Roundtable, Wells Fargo & Co. and Credit Union National Association.

Wayne Abernathy, American Bankers Association’s executive vice president of financial institutions policy and regulatory affairs.

Mr. Leigh Williams, president of the technology division of the Financial Services Roundtable.

They are united in the belief that the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), is a law that is not likely to stop millions of Americans from gambling online, and one that places the burden of enforcement on financial institutions. They also believe there are better ways to regulate NOT ELIMINATE online gambling. They also believe that the US MUST lighten up, and accept online gambling, and some believe it could bring in as much as $4 Billion a year in federal taxes.

Testimony provided at the hearing can be found at http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr040208.shtml

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