In an , Frank said that an Obama win, coupled with Democratic gains in the House and Senate, would ensure that is not encumbered by Treasury Department regulations supported by the Bush administration. The bill, which has been signed into law, overturns many UIGEA provisions and provides for the licensing of Internet gambling facilities. However, Frank of additional Treasury regulations, which he says are "unworkable" and would make banks unwilling to process gambling-related transactions.

"With the Obama administration you wouldn't see these bad regulations," Frank reportedly told Gambling911.

Frank is chairman of the House Financial Services Committee. His district encompasses several suburban communities outside Boston.