Sec. 201. Financial transaction providers
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Subchapter IV of chapter 53 of title 31, United States Code, is amended by adding at the end the following: A financial transaction provider shall not be held liable for engaging in a financial activity or transaction, including a payments processing activity, in connection with a bet or wager permitted by the Internet Poker Freedom Act of 2013 or the Interstate 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 other applicable provision of Federal or State law.
A financial transaction provider that takes an action described in paragraph
(2)with respect to a transaction shall not be liable to any party for that action if the financial transaction provider takes the action because the originator of the transaction or a party to the transaction is— a person or entity that is included in the list of unlicensed Internet gambling enterprises required by section 5369(a); a person or entity that the financial transaction provider reasonably believes is included in that list; a person or entity that is included in a list of unlicensed Internet gambling enterprises made available to the financial transaction provider by the Secretary under section 5369(a)(3); a person or entity that the financial transaction provider reasonably believes is included in a list described in subparagraph (C); a person or entity that is demonstrated to be an unlicensed Internet gambling enterprise based on information, other than a list described in subparagraph (C), that is made available to the financial transaction provider; or a person or entity that the financial transaction provider reasonably believes is demonstrated to be an unlicensed Internet gambling enterprise based on information described in subparagraph (E). A financial transaction provider takes an action described in this paragraph if the financial transaction provider— identifies and blocks a transaction; prevents or prohibits the acceptance of its products or service in connection with a transaction or otherwise refuses to honor a transaction; or closes an account or ends a financial relationship. . The table of sections for chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5368. Liability of financial transaction providers. . Section 5362(11)(B)(i) of title 31, United States Code, is amended by striking section 903(6)(E) and inserting section 903(7)(E) .
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Sec. 201
Financial transaction providers
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