Cotton’s bill, which was filed on Friday afternoon, is S. 3376 and it's been filed with the Senate Committee at the Judiciary, meaning it's eligible for debate and, if it is going to occur, voting for its passage. The bill’s title is just a little meandering nevertheless it firmly states it's “(A) bill to verify the integrity of laws enacted to forestall the usage of financial instruments for funding or operating online casinos aren't undermined by legal opinions not carrying the force of law issued by Federal Government lawyers.”
Deciphering the legalese, S. 3376 has potentially several different interpretations. One is that it could look to reverse the Christmas 2011 decision by the dept of Justice that the Wire Act only applied to sports betting and no other online activities, equivalent to casino gaming and poker. That decision, handed down according to the states of Illinois and New York’s inquiries as to the legality of using the web for online lottery sales, opened the doors for intrastate online gaming operations that happened in Nevada, New Jersey and Delaware and people being considered in other states similar to California, Pennsylvania and New York.
Another potential interpretation might be in that it's trying to expand the Wire Act, reworking it in a way to make it more applicable to today’s fast-paced world. It would even be a bill so as to firmly prohibit using credit/debit cards for gambling transactions, whether or not they are legal (as in a Las Vegas casino) or illegal. Finally, it may put some enforcement action into the UIGEA, which was passed without a punishments nor enforcement actions taken.
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