MRA To Help Reverse UIGEA

The Unlawful Internet Gambling Enforcement Act was adopted by the former US Presidency just within the last months of administration. However, a new bill might help nullify the effects of the UIGEA.

The Unlawful Internet Gambling Enforcement Act passed through the United States Congress not long ago, as a part of last-minute laws that were adopted by the Bush administration. However, a bill called the Midnight Rule Act might change all this.

The Midnight Rule Act, or MRA, was first introduced to the Congress in November 2008, but since the holiday break was just around the corner, the bill was re-added, as the Congress is now back in session.

The Bush administration managed to pass several laws before passing the torch to the Obama administration. The whole poker world had its eyes on the UIGEA and many well-known poker players expressed their concern towards this bill. The UIGEA prohibits transfering funds from banks and other similar financial institutions to online gambling sites, including casinos or even online poker rooms.

Jerrold Nadler, the person who introduced the Midnight Rule Act, said "I am reintroducing the Midnight Rule Act to reverse President Bush's
last minute attempts to weaken key legal protections within our federal
agencies. As expected, the Bush Administration has, in its final moments,
proposed a series of retrograde and dangerous regulatory changes."

The MRA has been sent to the Congress and if it will pass, it will allow the present Cabinet secretaries to approve or disapprove the last laws and regulations that came into power from the Bush administration, including the UIGEA. If approved, the MRA could actually help the American economy, as the US online poker platforms can pay taxes, since they will work as legitimate businesses.