To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from proposing, prescribing, or implementing any regulation under subchapter IV of chapter 53 of title 31, United States Code, and for other purposes.

Prohibits the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from proposing, prescribing, or implementing any regulation pursuant to the prohibition against acceptance of a financial instrument for unlawful internet gambling, including certain proposed regulations published in the Federal Register on October 4, 2007.