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It also authorizes the Federal Reserve System to create laws that prohibit financial transaction suppliers (banks, credit card companies, etc.) from accepting these funds. See 31 U.S.C. § 5363(four). This Act, together with threats of prosecution underneath the Wire Act from the Division of Justice, has induced several Internet gambling businesses to withdraw from the U.S. In response, Home Representatives introduced a number of payments in 2007 to soften federal Internet playing legislation. If handed, the Internet Playing Regulation and Enforcement Act and the Web Playing Regulation and Tax Enforcement Act would license, regulate, and tax Web gambling companies rather than prohibit them from taking bets from the United States. Alternatively, the Talent Recreation Safety Act would clarify the Wire Act to exempt certain video games equivalent to poker and chess.

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