The Supreme Court’s decision last week in the companion cases of Loper Bright Enterprises v. Raimondo and Relentless, Inc. v. Department of Commerce overturned the Court’s prior precedent in Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., and, in the process, upended 40 years of administrative law practice by requiring a court that is reviewing a challenged administrative rule to rely on its own judgment in resolving ambiguities in the governing statute instead of relying on a reasonable agency interpretation of the statute.
The end of Chevron deference as it is known will mean different things for different industries, but one thing is clear: all regulated industries will have to grapple with this new administrative law landscape.
Reed Smith is hosting a webinar featuring members of the firm focused on many of the highly regulated industries, such as Health Care and Life Sciences, Energy, and Banking. Registration for the webinar is available here.
The webinar, scheduled for July 11 at 2:30 pm EDT will have a panel consisting of: Selina P. Coleman, Emily L. Hussey, and David A. Bender from the firm’s Life Sciences Health Industry Group, Hadas A. Jacobi from the Financial Industry Group, Kasey J. Curtis from the Appellate Group, Jonathan T. Ammons from the Energy & Natural Resources Industry Group, and Amanda E. Brown from the Labor & Employment Group.
Reed Smith has also prepared a number of client alerts that will focus on the impact that the Loper Bright decision will have on various regulated industries. As those are released, their authors will share them with you on this blog.
Reed Smith will continue to follow developments in the new administrative law world that will emerge after the end of Chevron deference. If you have any questions, please don’t hesitate to reach out to the lawyers at Reed Smith.