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What the bill is aiming at is making credit card companies
refuse to do business with the off shore firms offering
online gambling to US residents, since they don't seem to
be able to stop folks gambling online by a "just say no"
I've read a few articles about online gaming over the last
couple of years. IIRC, the articles refered to current
federal laws already on the books that make it a felony to
transmit wagers by wire to these offshore sites in most
situations for instance.
The articles also mentioned many visitors to these offshore
sites may not be getting a fair gaming experience due to
either outright fraud by the site operators or player
cheating and collusion (for instance among multiple players
in an online poker game conspiring against a single player).
Moreover, FWIW, I would advise folks in the US to avoid
any online gaming unless it's legal to do so in your
location -- as may be the case for some Nevada residents.
Never know when enforcement might turn to gambling customers
rather than off shore site operators.