PostChevron regulations

The U.S. Supreme Court has recently made landmark rulings that fundamentally alter the landscape of federal regulatory authority. The Court's decision in Loper Bright Enterprises v. Raimondo effectively abolished the Chevron deference doctrine, which had allowed federal courts to defer to agency interpretations of ambiguous statutes. This shift is expected to empower litigants challenging regulatory interpretations, potentially constraining the administrative state, which includes over 400 agencies. Additionally, in Corner Post, Inc. v. Board of Governors of the Federal Reserve System, the Court clarified that the statute of limitations for challenging agency actions starts from the date of injury, allowing for more flexible litigation timelines. These decisions could lead to an increase in regulatory challenges across various sectors, including finance and environmental regulations. As a result, regulatory bodies may face heightened scrutiny and limitations in their enforcement capabilities moving forward.