Coalition Letter on the Finalization of Rules Relating to UIGEA
Dear Ms. Dudley:
We are deeply concerned about the regulations you have received from Treasury concerning the implementation of the Unlawful Internet Gambling Enforcement Act (Docket Number Treas-DO-2007-0015). We do not believe that you should finalize any rules relating to UIGEA at this time and, instead, should order further study and review of their likely impact. We have three major concerns. First, the regulations need a complete re-analysis light of recent changes in America’s banking system. Second, we believe the regulations will impose significant costs that could further destabilize an already shaky banking system. Third, the regulations very likely violate the Regulatory Flexibility Act.
Signed by:
Grover G. Norquist, President (Americans for Tax Reform)
Wayne Brough, Chief Economist(FreedomWorks)
Eli Lehrer, Senior Fellow (The Competitive Enterprise Institute)
Ryan Ellis, Executive Director(American Shareholders Association)
Derek Hunter, Executive Director(Media Freedom Project)
Michelle Minton, Policy Analyst(Competitive Enterprise Institute)