I think what they will probably do is have the ISP's start blocking access to these websites. The problem is, once that starts, where does it stop? Do we really want the government blocking our access to websites, ANY websites? This is not China after all; it's the United States. "Land of the free" and all that?
Also, on a side note, Internet gambling is being called "the crack cocaine of gambling" by a particular Representative. This is not a new sound-byte. A few years ago, before Internet gambling became an issue, slot machines in land-based casinos were being called the exact same thing, "the crack cocaine of gambling". (I base that on a New York Times article I read yesterday about the psychology of slot machines.)
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