Kiplinger’s Economic Forecasts: Evaluating Agency Powers

Decisions made by judicial bodies can have significant impacts on economies, industries, and personal finances. As such, staying up to date on major events in this field is crucial. The experienced Kiplinger Letters team regularly produces updates on key developments to help readers better understand the field. By subscribing or getting a free issue, readers can receive the latest predictions and insights.

One such prediction is that the Supreme Court will consider overturning chevronism in a lawsuit involving four New Jersey fishing companies. The 1984 ruling that courts should allow authorities to decide on interpretations of unclear statutes could be overturned, potentially leading to massive regulatory reform and a more significant role for Congress in setting templates for executive branch regulation.

Additionally, related cases regarding the constitutionality of the federal funding system for the Consumer Financial Protection Bureau (CFPB) will also be heard in the Supreme Court’s next term. The court will also determine whether occupational safety regulations set by OSHA are lawful, with critics arguing that OSHA’s powers are too broad and should have been narrowed down by lawmakers.

Despite these challenges, courts have so far imposed limits on OSHA’s rule-making powers. OSHA advocates argue that the agency’s technical expertise is necessary to issue economically appropriate and technically feasible regulations that prioritize safe and healthy employment and workplaces.

These insights come from Kiplinger Letters, a trusted source of business and economic trends since 1925. By subscribing, investors can stay informed and make more informed decisions about their investments, taxes, retirement, and personal wealth management.

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