Balaji
@balajis
CHEVRON DOMINANCE
Technology is about to accelerate.
Because Chevron deference is over.
And regulators can't just make up laws anymore.
So, countless new startups just became feasible.
This is often spoken about in the abstract, so let's do three examples....
THREE EXAMPLES
1) Genomics. Did Congress explicitly give FDA authority to regulate genetic tests in a bill like Kefauver-Harris (1962) or PDUFA (1992)? No, it did not. But in the early 2010s, FDA attacked 23andMe and forced them to take personal genomic tests offline. Implicitly, this was under Chevron.
2) Nuclear power. Did Congress explicitly give EPA and NRC the authority to implement ALARA? No, it did not. But these agencies came up with this "as low as reasonably achievable" standard, forcing nuclear energy to become as expensive as other energy sources by spending all the cost-savings on "safety." Implicitly, this was under Chevron too.
3) Cryptocurrency. You guessed it. Did Congress explicitly give the SEC authority to regulate crypto? No, it did not. Cryptocurrencies didn't exist when the 1933 and 1934 acts were written. However, the SEC says it has regulatory authority over crypto, even when Congress is deliberating on bills to the contrary. Implicitly, that claim of SEC authority too was under Chevron.
In other words: if a regulator can't point to the law that gives them the power, they may not have the power. And you might be able to win in a court of law.
So! For technology, the overruling of Chevron could literally reopen innovation in the physical world. This is on par with the 1991 opening of the Internet to commercial traffic. It deprecates the 20th century regulatory state. All the safety theater and security theater that they optimize for sounding good while actually being bad now has to face judicial scrutiny.
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Vivek Ramaswamy
@VivekGRamaswamy
In Chevron v. Natural Resources Defense Council (1984) , SCOTUS ruled that federal courts *must defer* to an agency’s interpretation of the law as long as the agency jumps through certain procedural hoops. This "Chevron deference" standard even applied to questions about the agencies' own rulemaking capacities.It's a classic case of "Who watches the watchmen?"
That tragic ruling effectively replaced the legislative process laid out in our Constitution with the farcical "notice-and-comment" period which created the myth that the public actually has a say in creating these rules. "The public" (including lobbyists) get a chance to weigh in on a proposed rule, and the agency reserves the right to ignore all the comments. They usually do.Yet these rules carry the force of law.
Look at the ATF's recently overturned pistol brace rule, which turned millions of Americans into felons overnight without their elected representatives ever voting on it. We hear a lot about "threats to democracy." But there is no bigger threat to self-governance in America than the modern administrative state.The 6-justice majority got it right: "agencies have no special competence in resolving statutory ambiguities. Courts do."Thanks to this ruling, federal courts will have to do their job again by making sure agencies stay within stautory limits.
No more using "ambiguity" as a smokescreen for administrative tyranny.This paves the way to do what we require: SHUT IT DOWN.