Fifth Circuit overturns DOL’s ESG rule, cites recent SCOTUS ruling

July 23, 2024 by John Hilton

The Court of Appeals for the Fifth Circuit tossed out the Biden administration’s ESG rule in a decision posted this morning.

In doing so, the court cited the recent Supreme Court ruling striking down the so-called Chevron doctrine. Justices overruled their landmark 1984 decision in Chevron v. Natural Resources Defense Council, which gave federal agencies broad power to interpret and administer laws.

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Originally Posted at InsuranceNewsNet on July 19, 2024 by John Hilton.