Online gambling bill coming

House Financial Services Committee Barney Frank said on Tuesday he would introduce a bill next week to overturn a three-year-old US ban on Internet gambling. The legislation, likely to be opposed by anti-gambling Republicans, would overturn a law imposed during the Bush Administration that has hurt US trade ties with the European Union. The bill had been expected earlier, but Rep Frank said his committee has been busy with other measures addressing the credit crisis -- another Bush Administration accomplishment -- and proposals to reform financial regulation.