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It also authorizes the Federal Reserve System to create laws that prohibit monetary transaction providers (banks, bank card companies, and so forth.) from accepting those payments. See 31 U.S.C. § 5363(4). This Act, together with threats of prosecution beneath the Wire Act from the Division of Justice, has precipitated several Internet playing businesses to withdraw from the U.S. In response, House Representatives introduced a number of bills in 2007 to soften federal Internet gambling legislation. If passed, the Web Gambling Regulation and Enforcement Act and the Web Playing Regulation and Tax Enforcement Act would license, regulate, and tax Internet gambling businesses moderately than prohibit them from taking bets from the United States. Alternatively, the Talent Sport Safety Act would make clear the Wire Act to exempt certain video games similar to poker and chess.


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