SCOTUS Ruling Creates More Stable Regulatory Environment for Business  

In the Loper Bright and Relentless cases, the Supreme Court overturned its 40-year-old administrative law precedent in Chevron v. Natural Resources Defense Council, taking a major step toward improving the regulatory environment for businesses.  (see decision)

The court made an important course correction that will help create a more predictable and stable regulatory environment for businesses.  

Under the longstanding Chevron deference doctrine, judges deferred to federal agencies’ reasonable interpretations of ambiguous statutes. 

• This created unpredictable and unstable regulatory obligations that adversely impacted how businesses operate. 

• Now, courts will exercise full, independent judgment in deciding whether an agency has acted within its statutory authority. 

“The Supreme Court’s previous deference rule allowed each new presidential administration to advance their political agendas through flip-flopping regulations and not provide consistent rules of the road for businesses to navigate, plan, and invest in the future,” said Chamber President and CEO Suzanne P. Clark . “The Chamber will continue to urge courts to faithfully interpret statutes that govern federal agencies and to ensure federal agencies act in a reasonable and lawful manner." 

Source: U.S. Chamber of Commerce, June 28, 2024

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About Saginaw County Chamber of Commerce

Since 1863, the Saginaw County Chamber of Commerce has been a leading advocate and champion for business by facilitating important connections, advocating business friendly legislation, and supporting leadership and community issues that make Saginaw County a great place to live, work, learn and play. The Chamber and its Members share a single purpose to elevate the community through business. www.SaginawChamber.org

About U.S. Chamber of Commerce

The Chamber of Commerce of the United States is the world’s largest business organization. Our members range from the small businesses and chambers of commerce across the country that support their communities, to the leading industry associations and global corporations that innovate and solve for the world’s challenges, to the emerging and fast-growing industries that are shaping the future. For all of the people across the businesses we represent, the U.S. Chamber of Commerce is a trusted advocate, partner, and network, helping them improve society and people’s lives.

www.uschamber.com