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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-06-28T19:55:00
The Supreme Court of the United States (SCOTUS) overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
The legal crux of the decision in the consolidated cases of Loper Bright Enterprises v. Raimondo and Relentless, Inc. v. Department of Commerce involved the legal precedent, adopted in 1984, known as the Chevron doctrine. Chevron effectively required courts to defer to agencies’ reasonable interpretations of ambiguous statutes.
Chevron deference has been widely applied by courts to nearly every federal and state agency decision across the country, including regulations related to the environment, workplace safety, food and drug approvals, securities law, and banking regulation, to name just a few.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2018-06-20T15:00:00Z By Iain Murray
Chevron deference undermines the integrity of the legislative and rulemaking processes and tramples the rights of the individual citizen. Iain Murray has more.
2018-06-20T14:45:00Z By Craig Oren
The Supreme Court should make clear that lower courts should review if Congress gave an agency authority to act as it did, and then weigh whether the agency engaged in reasoned decision making. Craig Oren has more.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
2024-06-28T14:57:00Z By Aaron Nicodemus
The Supreme Court of the United States ruled that the Securities and Exchange Commission’s practice of using in-house tribunals overseen by an administrative judge to adjudicate securities fraud cases is unconstitutional.
2024-06-18T15:10:00Z By Aaron Nicodemus
Two senior officials from the Securities and Exchange Commission and Commodity Futures Trading Commission described how both agencies are committed to rooting out off-channel communications among registered entities for the long term.
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