This Article is the first to identify the New Fintech Federalism, examining how its disparate set of legal experiments could revolutionize U.S. financial regulation. It also details a statutory intervention that would promote the interests of entrepreneurs and consumer protection advocates alike by codifying this emergent approach. Far from jettisoning federalism, this Article’s proposed legislation would harness the distinctive strengths of the state and federal governments to bolster America’s economic vitality and global competitiveness.
Aspiring scholars are often asked: What is your research agenda? If my research agenda were honest, my response would unapologetically be that I have no research agenda and that I, like Toni Morrison and possibly many others, mostly write about what I want to read but have yet to be written. As one’s own ideas, especially on perspective and whole view, change as she gains experience, her writings after all become just little fragments of her fleece left upon the hedges of life.
This Article presents Orlando, a programming language for expressing conveyances of future interests, and Littleton, a freely available online interpreter (at https://conveyanc.es) that can diagram the interests created by conveyances and model the consequences of future events. Doing so has three payoffs. First, formalizing future interests helps students and teachers of the subject by allowing them to visualize and experiment with conveyances. Second, the process of formalization is itself deeply illuminating about property doctrine and theory. And third, the computer-science subfield of programming language theory has untapped potential for legal scholarship: the programming-language approach takes advantage of the linguistic parallels between legal texts and computer programs.
Artificial intelligence (AI) has been heralded for its potential to help close the access to justice gap. It can increase efficiencies, democratize access to legal information, and help consumers solve their own legal problems or connect them with licensed professionals who can. But some fear that increased reliance on AI will lead to one or more two-tiered systems: the poor might be stuck with inferior AI-driven assistance; only expensive law firms might be able to effectively harness legal AI; or, AI’s im-pact might not disrupt the status quo where only some can af-ford any type of legal assistance. The realization of any of these two-tiered systems would risk widening the justice gap. But the current regulation of legal services fails to account for the practi-cal barriers preventing effective design of legal AI across the landscape, which make each of these two-tiered systems more likely.
Much scholarly attention has recently been devoted to ways in which artificial intelligence (AI) might weaken formal political democracy, but little attention has been devoted to the effect of AI on “cultural democracy”—that is, democratic control over the forms of life, aesthetic values, and conceptions of the good that circulate in a society. This work is the first to consider in detail the dangers that AI-driven cultural recommendations pose to cultural democracy. This Article argues that AI threatens to weaken cultural democracy by undermining individuals’ direct and spontaneous engagement with a diverse range of cultural materials. It further contends that United States law, in its present form, is ill equipped to address these challenges, and suggests several strategies for better regulating culture-mediating AI. Finally, it argues that while such regulations might run afoul of contemporary First Amendment doctrine, the most normatively attractive interpretation of the First Amendment not only allows but encourages such interventions.