Supreme Court Strikes Down Chevron and Implications for SEC Rulemaking Agenda

Jul. 08, 2024

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.


Portrait of Jaret Seiberg

Managing Director, Washington Research Group - Financial Services Policy Analyst, TD Cowen

Portrait of Jaret Seiberg


Managing Director, Washington Research Group - Financial Services Policy Analyst, TD Cowen

Portrait of Jaret Seiberg


Managing Director, Washington Research Group - Financial Services Policy Analyst, TD Cowen

No portrait available

Associate Professor, Antonin Scalia Law School, George Mason University

No portrait available


Associate Professor, Antonin Scalia Law School, George Mason University

No portrait available


Associate Professor, Antonin Scalia Law School, George Mason University

Photo of Peter Haynes

Managing Director and Head of Index and Market Structure Research, TD Securities

Photo of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Photo of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

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