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The Collatz Conjecture is a famous mathematics problem that is simple to state and understand but remains unsolved. In this paper, the problem is recast as a discrete-time nonlinear system. and viewed in a new light from the perspective of nonlinear systems and feedback control theory. In particular, connections are made between the Collatz sequence of numbers and the behavior of closed-loop dynamical systems designed using a feedback control method called sliding mode control. Trajectories of such systems are characterized by a reaching phase and a sliding phase, the latter of which exhibits exponential convergence. As sliding mode control design is rooted in Lyapunov stability theory, the analogy suggests a new direction for proving or disproving the Collatz Conjecture. Although several possible approaches are discussed, no formal proof is given in this paper.