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***EDITORS NOTE: This is good news for industries and other businesses who routinely navigate the regulatory environment of federal agencies like the FTC, EPA and many others. The Statesboro Bulloch Chamber advocates for reducing barriers related to bureaucracy and burdensome and inconsistent regulation.***
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SCOTUS Ruling Creates More Stable Regulatory Environment for Business
In its decision in the Loper Bright and Relentless cases, the Supreme Court overturned its 40-year-old administrative law precedent from Chevron v. Natural Resources Defense Council, taking a major step toward improving the regulatory environment for businesses.
Why it matters: The court made an important course correction that will help create a more predictable and stable regulatory environment for businesses.
Be smart: Under the longstanding Chevron deference doctrine, judges deferred to federal agencies’ reasonable interpretations of ambiguous statutes.
This created an unpredictable and unstable regulatory climate for businesses. Now, courts will exercise full, independent judgment in deciding whether an agency has acted within its statutory authority.
Our take: “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."
What we did: The Chamber filed an amicus brief, urging the Court to reject the practice of reflexive judicial deference to agency interpretations of statutes under an expansive interpretation of Chevron deference.
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