The <em>Chevron</em> Doctrine Is Dead. What Are the Implications for Business?

The U.S. Supreme Court’s 2024 decision to overturn the Chevron doctrine, which gave deference to federal agencies’ interpretations of ambiguous statutes, has significant implications for businesses. On the one hand, businesses can challenge unfavorable regulations more easily. On the other hand, they may face more uncertainty and risk because regulations they have long relied on or complied with may be invalidated by courts or challenged by other parties.