H.R. 2607 would amend the Internal Revenue Code of 1986 to regulate internet gambling.

== Detailed Summary ==

<summary>
(Log inInternet Gambling Regulation and Tax Enforcement Act of 2007 - Amends the Internal Revenue Code to establish licensing requirements and fees for Internet gambling operators.

Requires Internet gambling operators to pay to edit the wikiDirector of the Financial Crimes Enforcement Network during each 30-day period of operation a license fee of 2% of all bets and bewagers placed during the firstpreceding 30-day period.

Requires the Director to provide a detailed summarygrant Internet gambling licenses to applicants who meet criteria set by the Director and are generally fit to engage in the business of Internet gambling. Requires such operators to adopt appropriate mechanisms to ensure the bill!)collection of all taxes and license fees relating to Internet gambling that become due to federal and state governments.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
Latest Major Action: 6/7/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->