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July 31, 2024
|less than 1 min read
With Chevron Decision, Regulated Financial Firms May Increase Challenges to Federal Agency Action
On June 28, the Supreme Court overruled the longstanding Chevron deference doctrine in Loper Bright Enterprises v. Raimondo. Now, courts must interpret ambiguous statutes independently—without being required to accept an agency’s “permissible” interpretation of an ambiguous statute.