The Chairman of the U.S. House of Representatives Financial Services Committee, Barney Frank, plans to introduce a new bill that would overturn the ban on Internet gambling in the U.S. The new bill comes after recent statements by the European Commission that it plans to address the U.S. Justice Department’s crackdown on European online gambling companies, which it says violates U.S. commitments under the World Trade Organization. The existing ban, which was imposed by the former Republican administration under George Bush, is said to have hurt ties with the European Union. It is not clear how the Obama administration will respond to the new bill.
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