Davis Polk partner and Financial Institutions practice head Margaret Tahyar was quoted in Law360 discussing the U.S. Supreme Court’s decision to overrule the Chevron deference doctrine in the cases Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Department of Commerce.

Margaret said, “I think it’s going to take some time for the implications of this [decision] to play out.”

“Federal agencies will also feel more pressure to shore up the reasoning they provide for the policy decisions they make,” she continued. “They won’t dare to be as creative and search through old statutes to fit new and novel problems, as some agencies are accused of doing — although how much that will actually affect agencies’ rulemaking progress is unclear.”

“In Chevron Case, Justices Trade One Unknown For Another,” Law360 (June 28, 2024) (subscription required)

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