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(Opinion) Chevron decision will reshape U.S. regulatory landscape.
- Source :
- New Hampshire Business Review; 8/9/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- The recent decision by the U.S. Supreme Court to overturn the "Chevron deference" precedent will have a significant impact on the regulatory landscape for businesses, particularly manufacturers. The Chevron precedent required courts to defer to federal agencies' reasonable interpretations of ambiguous statutes. However, this decision was overturned due to concerns about agency overreach and the lack of consistency in regulations. Proponents argue that clear guidelines from Congress are needed to avoid ambiguity and ensure the effective implementation of laws. Business leaders emphasize the importance of a pragmatic regulatory framework that supports growth and job creation in the modern manufacturing sector. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 01648152
- Database :
- Supplemental Index
- Journal :
- New Hampshire Business Review
- Publication Type :
- Periodical
- Accession number :
- 178992552