In its recent ruling on Loper Bright Enterprises v. Raimundo, the Supreme Court shifted power over federal regulations from agencies to judges, overturning a decades-long standard of giving deference to agencies when interpreting ambiguous statutes, referred to as the Chevron defense.
According to Politico, "Now, judges will be freer to impose their own readings of the law, giving them broad leeway to upend regulations on healthcare, the environment, financial regulations, technology and more."
As this ruling goes into effect, the AFA will follow its developments and share any pertinent updates.