PUBLIC LAW 109–347—OCT. 13, 2006
120 STAT. 1957
‘‘(A) CREDIT; CREDITOR; CREDIT CARD; AND CARD ISSUER.—The terms ‘credit’, ‘creditor’, ‘credit card’, and ‘card issuer’ have the meanings given the terms in section 103 of the Truth in Lending Act (15 U.S.C. 1602). ‘‘(B) ELECTRONIC FUND TRANSFER.—The term ‘electronic fund transfer’— ‘‘(i) has the meaning given the term in section 903 of the Electronic Fund Transfer Act (15 U.S.C. 1693a), except that the term includes transfers that would otherwise be excluded under section 903(6)(E) of that Act; and ‘‘(ii) includes any fund transfer covered by Article 4A of the Uniform Commercial Code, as in effect in any State. ‘‘(C) FINANCIAL INSTITUTION.—The term ‘financial institution’ has the meaning given the term in section 903 of the Electronic Fund Transfer Act, except that such term does not include a casino, sports book, or other business at or through which bets or wagers may be placed or received. ‘‘(D) INSURED DEPOSITORY INSTITUTION.—The term ‘insured depository institution’— ‘‘(i) has the meaning given the term in section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c)); and ‘‘(ii) includes an insured credit union (as defined in section 101 of the Federal Credit Union Act). ‘‘(E) MONEY TRANSMITTING BUSINESS AND MONEY TRANSMITTING SERVICE.—The terms ‘money transmitting business’ and ‘money transmitting service’ have the meanings given the terms in section 5330(d) (determined without regard to any regulations prescribed by the Secretary thereunder). ‘‘§ 5363.
Prohibition on acceptance of any financial instrument for unlawful Internet gambling ‘‘No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling— ‘‘(1) credit, or the proceeds of credit, extended to or on behalf of such other person (including credit extended through the use of a credit card); ‘‘(2) an electronic fund transfer, or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person; ‘‘(3) any check, draft, or similar instrument which is drawn by or on behalf of such other person and is drawn on or payable at or through any financial institution; or ‘‘(4) the proceeds of any other form of financial transaction, as the Secretary and the Board of Governors of the Federal Reserve System may jointly prescribe by regulation, which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person.
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