Today's Supreme Court decision in Loper Bright Enterprises v. Raimondo overturns the important 1984 precedent of Chevron v. Natural Resources Defense Council, which required federal judges to defer to administrative agencies' interpretations of federal laws, so long as Congress has not addressed the issue in question, and the agency's view is "reasonable." It's an important reversal, and I think the Court was right to do it. Chief Justice John Roberts' majority opinion lays out a compelling critique of Chevron, including explaining why it should not be retained out of respect for precedent. But, contrary to the hopes of some and fears of others, today's ruling will not end the administrative state or even greatly reduce the amount of federal regulation.
