OCC Preemption: Advancing Regulator Competition

October 1, 2004

Charles M. Miller

As a rule, I dislike federal preemption. I prefer the republican capitalism of 50 states competing to create the most attractive legal framework for individuals and corporations to live and operate under. This same rationale leads me to favor broad federal preemption for national banks. In banking law, preemption leads to more regulatory competition....

OCC Preemption: Advancing Regulator Competition