Washington, D.C., June 28, 2024 – Today, the ERISA Industry Committee (ERIC) released the following statement on the U.S. Supreme Court’s decision to overturn the Chevron doctrine in Loper Bright Enterprises v. Raimondo. The statement is attributable to Tom Christina, Executive Director of the ERIC Legal Center.
“The Supreme Court’s decision in Loper Bright Enterprises v. Raimondo has historic implications for federal administrative law, including federal regulations governing employee benefit plans. This decision ends the deference to rules issued by executive agencies mandated by the Court’s 1984 Chevron decision. The new, less deferential standard marks a significant development in the law.
“The full impact of the Court’s action likely will be debated by academics and practitioners for years to come, but one thing is clear: today’s decision reinforces ERIC’s role in working with Congress to craft health and retirement legislation that precisely reflects congressional intent and underscores ERIC’s advocacy work with federal administrative agencies during the regulatory process.
“ERIC is committed to navigating this evolving regulatory environment so large employers sponsoring benefit plans can effectively serve their nationwide workforces. We will work closely with ERIC member companies to assess how today’s decision shapes ERIC’s activities in the future.”