PERSONS LIABLE FOR TAX ON WAGERS.

SEC. 151. PERSONS LIABLE FOR TAX ON WAGERS. (a) Failure To Register Name of Principal.—Section 4401 (c) (persons liable for tax on wagers) is amended by adding at the end thereof the following: “Any person required to register under section 4412 who receives wagers for or on behalf of another person without having registered under section 4412 the name and place of residence of such other person shall be liable for and shall pay the tax under this subchapter on all such wagers received by him.” (b) Effective Date.—The amendment made by subsection (a) shall apply with respect to wagers received after the date of the enactment of this Act.