Mr. Chairman, I would like to thank you for holding this very important hearing.
I don't think anyone here is not thinking about the probable military action in the Middle East. There is some hope that Saddam Hussein will seek exile, or the Iraqi military or others inside of Iraq will overthrow him. But that does not seem very likely, and it looks like many brave Americans will soon go into harm's way. Our thoughts and prayers are with those brave young men and women and their families.
We must continue, however, with the work of the Senate, and we do have a very important issue before us today. My good friend Senator Kyl has worked very hard on this bill to outlaw illegal internet gambling for a number of years and I have worked with him. I believe he has crafted a very fine balance in this legislation. A balance that will address illegal gambling and money laundering concerns, without intruding on legal gambling.
I would especially like to applaud Senator Kyl for working with me to ensure his legislation would not harm state's rights in relation to the pari-mutuel gaming industry. Thoroughbred racing is not only very important to the economy of Kentucky, it is part of our heritage. Anyone who has heard "My Old Kentucky Home" sung by over one hundred thousand on the first Saturday in May knows how important horse racing is to Kentucky. I thank my good friend, Senator Kyl, for working with me to ensure his legislation does not harm Kentucky's heritage.
However, I know there are some out there who might entertain altering this bill for their constituents or gaming interests. I will be watching this bill very carefully, and reserve all of my rights as a United States Senator to ensure that what is legal under a state's authority regarding pari-mutuel betting is not harmed by legislation before the Senate. If others introduce amendments that I believe may be detrimental, I will not only oppose them, I may feel the need to introduce my own amendments. It is my hope that it will not come to that and we can pass this bill as is with little, if any, changes.
Once again, Mr. Chairman, I thank you for holding this important hearing.