S 627 · 108th Congress · Finance and Financial Sector

Internet Gambling Funding Prohibition Act

Introduced 2003-03-13· Sponsored by Sen. Kyl, Jon [R-AZ]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 346.(2003-10-27)

Plain Language Summary

[AI summary unavailable — showing source text] Unlawful Internet Gambling Funding Prohibition Act - Establishes within the Department of the Treasury the Office of Electronic Funding Oversight to coordinate Federal efforts to prohibit restricted transactions. Prohibits any person engaged in the business of betting or wagering from knowingly accepting in connection with another person's participation in Internet gambling: (1) credit; (2) electronic fund transfers or funds transmitted through money transmitting businesses; (3) any instrument drawn by or on behalf of another and payable through any financial institution; or (4) the proceeds of any other form of financial transaction involving a financial institution as payer or financial intermediary on behalf of another person. Grants Federal district courts exclusive jurisdiction to prevent or restrain violations. Sets forth civil and criminal penalties. Limits relief granted against an interactive computer service. Specifies circumstances for the liability of any creditor, issuer, institution, operator, business, network, stored value product transaction, participant, or any interactive computer or telecommunications service. Calls for the United States, in deliberations with a…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 627, Internet Gambling Funding Prohibition Act

Sep 8, 2003

<p>Cost estimate for the bill as ordered by the Senate Committee on Banking, Housing, and Urban Affairs on July 31, 2003</p>

Full CBO report ↗

S. 627, Internet Gambling Funding Prohibition Act

Sep 8, 2003

Cost estimate for the bill as ordered by the Senate Committee on Banking, Housing, and Urban Affairs on July 31, 2003

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (2)

1 Democrat1 Republican