The U.S. Supreme Court today overturned 40 years of legal precedent by transferring power from the executive branch to Congress and the courts. In the case of Loper Bright Enterprises vs Raimondo, the six-seat Supreme Court majority overturned a 1984 ruling that gave regulatory agencies leeway to interpret laws that Congress had left vague.
“This decision threatens the very stability that businesses rely on for growth and investment strategies,” said Kyle Herrig, Unlocking America’s Future spokesperson. “This ruling spurs regulatory uncertainty with potential impacts being felt across private sector sustainability efforts.”
As POLITICO reported, this decision creates confusion for companies, environmental organizations, and the government.
William Buzbee, a Georgetown Law professor who specializes in administrative and constitutional law says, “If Chevron deference is struck down, the big problem could be a risk of a sort of balkanized country, or a country which actually might have 11 different (court of appeals) rules about what an agency can do. And businesses tend to dislike instability and uncertainty.”
