By BisNow
When the Supreme Court ruled Friday to scrap a decades-old precedent that gave federal agencies the power to interpret vague laws as they regulate businesses, it created an easier pathway for companies to challenge rules they don’t like.
The 6-3 decision overturning 1984’s Chevron v. Natural Resources Defense Council limits the powers of dozens of federal agencies to regulate the environment, public health, employment and other sectors.
With the decision overturned, legal experts who spoke to Bisnow said they believe it will have tremendous impacts on commercial real estate because of how deeply embedded it is in the American economy.
