The Morning Risk Report: Supreme Court Pares Back Federal Regulatory Power
Briefly

Precedent gone: The 6-3 decision, along ideological lines, discards a 1984 precedent directing federal courts to defer to agency legal interpretations when the statutory language is ambiguous.
Gives more room to overturn: Justices abandoning Chevron deference provide more chances for parties dissatisfied with agency decisions to convince federal judges that officials exceeded their authority.
Part of ongoing critique: The conservative-dominated Supreme Court had been chipping away at federal regulatory power, affecting Biden policies like Covid-19 measures and student-loan debt cancellations.
Supreme Court ruling puts Biden policies like net neutrality and noncompete contract bans at risk, indicating broader implications of the decision.
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