Supreme Court Strikes Down Chevron and Implications for SEC Rulemaking Agenda
Guests: Jaret Seiberg, Managing Director, Washington Research Group - Financial Services Policy Analyst, TD Cowen and J.W. Verret JD, CPA/CFF, CFE, CVA, Associate Professor, Antonin Scalia Law School, George Mason University
Host: Peter Haynes, Managing Director and Head of Index and Market Structure Research, TD Securities
On Friday, June 28, in a landmark ruling, the Supreme Court of the United States struck down the Chevron Deference, a 40 year old precedent ruling that was utilized by Courts in determining the powers of agencies of the U.S. Government. The Supreme Court eliminated Chevron as part of its ruling in a case (Loper Bright Enterprises vs Rainmondo) involving the ability of an Agency, the Department of Commerce, to force herring fishermen in Maine to pay for government monitors. The ruling sent a shiver through Washington as it was seen as an attack on the Administrative State by a right-leaning anti-agency Supreme Court.
In Episode 62 of Bid Out, J.W. Verrett, our go-to Administrative Law Expert from George Mason University, returns to the podcast alongside our own TD Cowen Washington Research Group Financial Services Policy Analyst Jaret Seiberg to discuss the implications of this decision on SEC rulemaking, including its equity market structure reforms expected to go final in the next couple months.
This podcast was recorded on July 2, 2024.
Full transcript to come.
Directeur général, Groupe de recherche de Washington – analyste, Services financiers et Politiques, TD Cowen
Directeur général, Groupe de recherche de Washington – analyste, Services financiers et Politiques, TD Cowen
Associate Professor, Antonin Scalia Law School, George Mason University
Associate Professor, Antonin Scalia Law School, George Mason University
