3.0.0 6870 2022-02-03T05:19:02Z 2022-02-03T05:19:02Z House H HR 2008-09-11 110 hsba00 Financial Services Committee House Standing Reported by 2008-10-03T19:15:16Z Markup by 2008-09-16T20:35:06Z Referred to 2008-09-11T15:01:15Z H. Rept. 110-910 2008-10-03 Placed on the Union Calendar, Calendar No. 585. Calendars H12410 2 House floor actions U00585 2008-10-03 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-910. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2008-10-03 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-910. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2008-09-16 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 19. Committee 2008-09-16 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2008-09-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-09-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-11 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2008-09-11 True 2008-09-29T04:00:00Z H.R. 6870, Payments System Protection Act of 2008 http://www.cbo.gov/publication/20335 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on September 16, 2008</p> 2008-09-29T04:00:00Z H.R. 6870, Payments System Protection Act of 2008 https://www.cbo.gov/publication/20335 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on September 16, 2008 Finance and Financial Sector Administrative procedure Commerce Department of the Treasury Economic impact statements Economics and Public Finance Electronic commerce Electronic funds transfers Federal Reserve System Gambling Government Operations and Politics Government paperwork Internet Law Science, Technology, Communications Sports and Recreation Finance and Financial Sector 00 2008-09-11 Introduced in House 2008-12-05T22:40:20Z Payments System Protection Act of 2008 - Prohibits the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from proposing, prescribing, or implementing any regulation against funding unlawful Internet gambling, including proposed regulations published in the Federal Register on October 4, 2007, except to the extent such regulation: (1) pertains to wagering prohibited under specified law relating to professional and amateur sports protection, or (2) is developed on the record jointly by the Secretary and the Board, after opportunity for an agency hearing with an administrative law judge (or similar official), complete with a definition of "unlawful Internet gambling," and after conducting a full economic impact study of the proposed regulations under the Regulatory Flexibility Act.

]]> 17 2008-10-03 Reported to House with amendment(s) 2008-12-23T21:39:00Z Payments System Protection Act of 2008 - Prohibits the Secretary of the Treasury and the Board of Governors of the Federal Reserve System (Board) from proposing, prescribing, or implementing any regulation against funding unlawful Internet gambling, including proposed regulations published in the Federal Register on October 4, 2007, except to the extent such regulation: (1) pertains to unlawful Internet sports gambling; or (2) is developed on the record jointly by the Secretary and the Board, after opportunity for an agency hearing with an administrative law judge (or similar official), complete with a definition of "unlawful Internet gambling," and after conducting a full economic impact study of the proposed regulations under the Regulatory Flexibility Act.

Requires the Secretary and the Board jointly to prescribe interim final regulations governing unlawful Internet sports gambling.

Defines "unlawful Internet sports gambling" as bets or wagers placed over the Internet on a lottery, sweepstakes, or other betting, gambling, or wagering scheme based, directly or indirectly on competitive games in which athletes participate (excluding parimutuel animal racing or jai-alai games), or on performances of such athletes in such games.

Declares ineffective any regulations to implement certain policies and procedures governing restricted transactions unless such regulations: (1) require the Secretary to compile and maintain a list of unlawful Internet sports gambling businesses; and (2) do not require any person to block or refuse to honor any transaction, or prohibit the acceptance of any product or service of such person, other than in connection with a business on a specified list maintained by the Secretary.

]]> Payments System Protection Act of 2008 Short Titles as Introduced Payments System Protection Act of 2008 Short Titles as Reported to House Payments System Protection Act of 2008 H House Display Title Payments System Protection Act of 2008 Official Title as Introduced To ensure that implementation of proposed regulations under subchapter IV of chapter 53 of title 31, United States Code, does not cause harm to the payments system, and for other purposes. Reported in House 2008-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6870rh/xml/BILLS-110hr6870rh.xml Introduced in House 2008-09-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6870ih/xml/BILLS-110hr6870ih.xml 2008-10-03 Placed on the Union Calendar, Calendar No. 585. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.