Industry as Payments Cop: Will Idea Stop at Gambling?

By Kaper, Stacy | American Banker, September 19, 2006 | Go to article overview

Industry as Payments Cop: Will Idea Stop at Gambling?


Kaper, Stacy, American Banker


WASHINGTON -- Financial services representatives are growing increasingly nervous about an upcoming debate on the industry's role in combating online child pornography.

The topic is the subject of three hearings scheduled for this week on Capitol Hill. Two Senate panels are reviewing voluntary private-sector efforts to identify and put child porn Web sites out of business, and a House committee is considering what the financial industry's responsibility should be to solve the problem and is toying with a legislative fix.

Industry representatives said they worry that legislation the House passed July 11 that would require banks to block certain payments to gambling sites has created a precedent in which Congress relies on the payments system to curb unlawful activities.

Several sources said lawmakers could use that approach to combat online child porn.

"We recognize that these are logical social concerns," said Floyd Stoner, the head lobbyist for the American Bankers Association. "We are always concerned about new requirements, especially when we believe the focus should be on those carrying the images."

Several lobbyists said the most likely candidate to produce legislation is the House Energy and Commerce Committee. Led by Rep. Joe Barton, R-Tex., the committee frequently has passed bills affecting banks, and it has clashed with members of the House Financial Services Committee on issues such as data security.

Sources said Rep. Barton is considering offering legislation that would hold banks accountable for blocking payments for child porn. Details of the measure are unclear, though some said it might penalize companies that knowingly allow payments to porn sites.

The committee's oversight and investigations subcommittee is scheduled to hold a hearing Thursday to examine the responsibility of banks and others to help law enforcement agencies in shutting down commercial child porn sites.

"Certainly, we wouldn't preclude the possibility of legislation," said Kevin Schweers, a spokesman for the Energy and Commerce Committee. However, such speculation is "premature," since the committee has not finished investigating the issue, he said.

The Senate Banking Committee is expected to highlight an approach that would not entail more legislation for banks. The panel is scheduled to hold a hearing today that will showcase a voluntary initiative by the financial services industry to stop online child porn. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Industry as Payments Cop: Will Idea Stop at Gambling?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.