Sec. 201. Financial service providers
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/bill/113/hr/2282/ih/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subchapter IV of chapter 53 of title 31, United States Code, is amended— in section 5362— by redesignating paragraph
(11)as paragraph (12); and by inserting after paragraph
(10)the following: The term list of licensed Internet gambling facilities means the list established and maintained under section 106(n) of the Internet Gambling Regulation, Enforcement, and Consumer Protection Act of 2013. ; and in section 5364, by striking subsection
(d)and inserting the following: A financial transaction provider shall prevent, prohibit, or suspend its service from completing payment transactions involving customers within the United States and a person or entity that is— an Internet gambling facility not included on the list of licensed Internet gambling facilities, or that the financial transaction provider reasonably believes is included on such list; demonstrated to be, or that the financial transaction provider reasonably believes to be, an unlicensed Internet gambling enterprise, based on information other than the list of licensed Internet gambling facilities; or acting on behalf of an Internet gambling facility that is not included on the list of licensed Internet gambling facilities, or that the financial transaction provider reasonably believes is included on such list, if the financial transaction provider has knowledge that such person or entity is acting on behalf of the unlicensed person or entity. A financial transaction provider shall not be held liable to any person— for engaging in a financial activity or transaction, including a payments processing activity, in connection with a bet or wager that the provider believes is permitted by the Internet Gambling Regulation, Enforcement, and Consumer Protection Act of 2013 or the Internet horseracing Act of 1978 ( 15 U.S.C. 3001 et seq. ), unless the financial transaction provider has actual knowledge that the financial activity or transaction was conducted in violation of either such Act or any applicable provision of Federal or State law; or for taking any action pursuant to paragraph (1). .
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Sec. 201
Financial service providers
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