As discussed in the article "Federal Corporate Law: Lessons from History" one political impediment to sweeping federal change is the presumption in favor or state law in corporate matters. How might investors and companies benefit from increased federalization of corporate law? What might be the downsides of such an approach? Or is patchwork legislation and smaller federal government the wiser choice?

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Increased federalization of corporate law can have both advantages and disadvantages for investors and companies Here are some potential benefits of increased federalization Uniformity and Consistency ... View the full answer