The End of Chevron Deference and the Implications for the SEC

On June 28, 2024, the U.S. Supreme Court issued its decision in Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Department of Commerce[1], overruling the Chevron doctrine. This holding overturns the decades-long practice of federal courts deferring to federal agencies’ interpretations of ambiguous statutes. The Court voted 6–3 to abandon this framework and recalibrate the balance of power between federal agencies and courts……
By: Foley & Lardner LLP