Rep. Barney Frank's bill, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, has reached a total of 54 co-sponsors. The bill is designed to regulate the online gambling industry under the jurisdiction of the Secretary of Treasury. Most of the co-sponsors are Democrats but the Republican party has offered a few supporters as well, among them Rep. Ron Paul of Texas.

This bill has gained stronger support than any previous attempt at regulating online gambling, it seems to be only a matter of time before it passes the House and then it's on to the Senate.