The Supreme Court's June decision to overturn Chevron v. NRDC significantly impacts the manufacturing industry, where regulatory compliance has been a heavy burden. This change could reduce regulatory uncertainty, allowing manufacturers to invest more in growth and job creation instead of compliance.
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In June, the Supreme Court overturned the Chevron v. NRDC decision, ending 40 years of judicial deference to reasonable agency interpretations of unclear laws. This Loper decision returns interpretive authority to the courts and Congress, prompting them to use independent judgment, with various states already moving away from similar deference practices.
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This summer, the Supreme Court issued Loper Bright Enterprises v. Raimundo, one of its most important regulatory rulings in decades. In Loper, the Supreme Court overturned a 40-year precedent, striking down the Chevron v. NRDC decision, which empowered executive branch agencies to interpret laws more freely in making regulations.
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In late June, the Supreme Court issued one of its most momentous rulings in years. In Loper Bright Enterprises v. Raimundo, the Supreme Court overturned a 40-year precedent, striking down the Chevron v. NRDC case and its "Chevron deference," which gave a nod to agency interpretation of unclear laws so long as it could be construed as "reasonable." This case will shift the interpretation of law from the executive branch agencies to the courts.
READ MOREIn 2024, the U.S. Supreme Court will review the constitutionality of federal agencies to interpret the intent Congress in agency. This will give businesses impacted by regulations the power to challenge decisions affecting every American citizen and businesses through their elected representatives.