Posts tagged Chevron deference
Competitive Enterprise Institute Opinion: Time to End the ESG Shakedown
January 21, 2025 // Any agency that is not charged by Congress with pursuing those specific goals should not have staffers assigned to those goals. The Environmental Protection Agency is the place for climate policy; the Equal Employment Opportunity Commission is the place for workplace discrimination claims. The executive branch does not need an infinite regress of staff, in each agency, assigned to advance every progressive policy priority under the sun. New leaders at the independent agencies, such as the Securities and Exchange Commission and the Federal Trade Commission, will receive less direct instruction from the new president. Still, they will have broad discretion to set the agenda at their respective agencies for enforcement, future rulemakings, and repeals. SEC chairman-designate Paul Atkins, for example, will have the ability to fully reverse the pro-ESG mission creep seen over the last four years. He can, instead, focus the SEC on such charmingly old-fashioned goals as encouraging capital formation and new investment opportunities rather than micromanaging the board decisions of every public company in America.
Trump Faces Federal Employee Unions in Government Efficiency Battle
January 3, 2025 // “For President-elect Trump to succeed at making the federal bureaucracy more efficient and accountable to the American people, he’ll have to once again do battle with federal unions,” Max Nelsen, a labor policy expert at the Freedom Foundation, told The Center Square.
EXCLUSIVE: Bill Cassidy To Introduce Bill To Stop Left-Wing Investing From Taking Over Retirement Funds
September 27, 2024 // “Asset managers should prioritize helping Americans achieve the best return for their retirement, not funneling their clients’ money to fund a left-wing political ideology,” Cassidy, who serves as the ranking member of the Senate Health, Education, Labor and Pension Committee, said. “This legislation protects 152 million Americans who depend on a strong retirement to live after their career is over.” Under current Department of Labor rules, administrators of employee retirement plans are allowed to consider ESG factors when choosing between investment opportunities they have determined to be of equivalent quality. If a retirement fund determines multiple investment options are of equal value under Cassidy’s bill, it must document how it made that determination and then choose at random between the options.
Lawmakers put federal agencies on notice after end to Chevron deference
July 12, 2024 // Comer noted that he has also joined lawmakers in sending letters to an array of agencies that face a similar review, including: AmeriCorps Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Council on Environmental Quality Department of Agriculture Department of Commerce Department of Education Department of Energy Department of the Interior Department of Health and Human Services Department of Homeland Security Department of Labor Department of State Department of Transportation Department of the Treasury Department of Veterans Affairs Environmental Protection Agency Equal Employment Opportunity Commission Federal Deposit Insurance Corporation National Credit Union Administration National Labor Relations Board Office of the Comptroller of the Currency Office of the United States Trade Representative Securities and Exchange Commission Small Business Administration Social Security Administration
Republican challenge to ESG investing rule could showcase risk to US agency powers
July 10, 2024 // The high court did just that in a June ruling in Loper Bright Enterprises v. Raimondo, saying judges instead should exercise their independent judgment in evaluating agency rules. That decision is expected to have a widespread impact on the government's ability to adopt new rules such as environmental, securities and labor regulations, and is part of a broader effort by conservative groups to rein in the powers of what they call "the administrative state."