| Comment 1:
The idea that every ACH, check and wire transfer
should be scrutinized to see if it is an illegal gaming transaction
is ludicrous. In this country, the ACH system has become necessary
for day to day business. Analyzing each of these transactions may
delay processing, thus defeating the entire purpose of the entire
system
Comment 2:
Significant investigation and legal analysis would
be needed to create such a list. The amount of man hours and associated
costs in establishing and maintaining such a list that perhaps is
under-inclusive and could potentially damage a company that engages
in businesses other than gambling is mind-boggling. In the request
for comment "Internet gambling businesses can change their corporate
names with relative ease," seems to answer the question of
feasibility of such a list.
Comment 3:
The proposal states, It is estimated that the total
annual cost to regulated entities to maintain the policies and procedures
will be approximately $4 million. This might be the cost to sustain
the policies, but what will be the associated cost for each of these
entities to craft its own polices and have them approved by government ten
of millions! This cost will be most likely passed directly along
to the general public. This would ultimately become a burden to
all consumers, not just the gamblers. There may be a new monthly
fee on our bank statements UIGEA enforcement - $3.
The
Agencies request comment on additional ways to reduce regulatory
burden associated with this proposed rule.
Comment 4:
You should insert your own comments here. Ours range
from, "eliminate the UIGEA and ALL of the associated costs so that
I can do what I want, with my money, in the freedom of my own home", to "repeal the UIGEA and find a way to regulate and tax the Internet
Gambling Industry" ...take your pick or use this space to vent your
frustration.
REMEMBER: The government has given a deadline for public comment to
this bill of December 12, 2007! |