If you were to ask 20 of your smartest friends, co-workers, and family members what they know about the Uniform Law Commission (ULC), it’s unlikely any of them would have much, if anything, to say. Most Americans have never heard of the ULC, even though the organization has become one of the country’s most influential groups.
If you were to call your state lawmakers, however, you’d likely get an entirely different reaction. Virtually every legislator in America is familiar with the ULC, and most — Democrats and Republicans alike — have a positive opinion of the group. That’s largely because the ULC has a long history of working closely with legislators to develop and revise the Uniform Commercial Code, a complex state law passed in all 50 states.
The purpose of the Uniform Commercial Code (UCC) is to ensure that commercial and financial activities are regulated as similarly as possible throughout the United States. Without the UCC, conducting business in multiple states would be extremely difficult and costly.
Because the Uniform Commercial Code is so complicated, legislators have trouble understanding and altering it. They depend on the Uniform Law Commission, which is mostly composed of lawyers and academics, as well as the ULC’s partner organizations, to help them. As a result, the ULC has become so important to state lawmakers that it receives much of its funding from state appropriations. That means you, the taxpayer, are footing the bill for the ULC.
For much of the 20th century, the ULC played an important, nonpartisan,........