XM은(는) 미국 국적의 시민에게 서비스를 제공하지 않습니다.

Top US court prepares a deregulatory deluge



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BREAKINGVIEWS-Top US court prepares a deregulatory deluge</title></head><body>

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Gabriel Rubin

WASHINGTON, June 14 (Reuters Breakingviews) -What will U.S. businesses do if the federal regulations governing their practices are suddenly up for debate? They’ll probably start by hiring some good lawyers. After that, like a football coach with unlimited challenges, they’ll set to work deconstructing every rule their businesses currently comply with, looking for ways in which agencies took matters into their own hands to craft regulation out of ambiguous laws. Then they’ll go to court, and after long waits, they stand a strong chance of winning — and dismantling the structures that have governed American business for decades. That’s what is at stake in an upcoming decision by the U.S. Supreme Court.

Businesses face a major sea change in American law when the Supreme Court decides whether to overturn a major precedent, known as “Chevron Deference," before the end of its term this summer. The precedent, from 1984, dictates that courts should defer to executive branch agencies’ expertise when it comes to interpreting laws passed by Congress, when Congress’ intent is unclear. Essentially, courts gave wide leeway to agencies like the Environmental Protection Agency or Securities and Exchange Commission to use powers delegated to them by Congress to administer the law.

Two small fishing companies have challenged that precedent, claiming that paying for a monitor on a herring boat required by the National Marine Fisheries Service amounted to regulation that is too onerous. As the case illustrates, the ruling will affect not only the EPA and the SEC, but also myriad other federal agencies.

The Supreme Court, especially in its current iteration, has already chipped away at the Chevron case. It has given plaintiffs more opportunities to challenge the constitutionality of regulatory agencies’ actions and practices in federal courts. But this year’s ruling could turn the tide even further, delivering a generational victory to the conservative legal movement’s project of, in their words, dismantling the American administrative state.

Legal scholars anticipate that the current right-leaning orientation of the high court will lead to a rollback of agency powers, clipping the wings of regulators and leading to a mammoth traffic jam of businesses racing to challenge decades-worth of rules in federal court. The uncertainty that comes with throwing out a rule book will give some general counsels heartburn. The application of the law will be highly variable, as emboldened and politicized jurists take matters into their own hands. Cases will proceed slowly, but for businesses eager to slash compliance costs, most of the results will be worth the wait.

Follow @Rubinations on X


CONTEXT NEWS

The Supreme Court is expected to issue a decision before the end of its term this summer that will likely limit the authority of federal regulatory agencies to interpret laws passed by Congress.

The loss of the so-called “Chevron Deference,” a precedent from 1984, will lead to a slew of rules being challenged in federal courts. Overturning, or at least weakening, the precedent has been a key goal of many conservative groups for decades.



Editing by Lauren Silva Laughlin, Sharon Lam and Pranav Kiran

</body></html>

면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.

온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.

이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.

리스크 경고: 고객님의 자본이 위험에 노출 될 수 있습니다. 레버리지 상품은 모든 분들에게 적합하지 않을수 있습니다. 당사의 리스크 공시를 참고하시기 바랍니다.