Contact your congressman NOW!
Yes, this is not good news.
HR 4411, the Unlawful Internet Gambling Enforcement Act of 2006
Here's a link to a PDF of the proposed legislation:
(Dead link: http://www.govtrack.us/data/us/bills.text/109/h4411.pdf)
The vote is scheduled for TOMORROW Tuesday July 11th.
I recommend everyone interested contact your congressman and tell them to pursue regulation and taxation of the online gambling industry rather than an ineffectual prohibition instead.
You can identify and contact your personal representative in Congress here:
http://www.house.gov/writerep/