Federal regulators just got a new sign that their power is weakening
Published On Jan 11, 2025, 8:02 AM
A recent Ohio appeals court ruling has diminished the power of federal regulators by striking down net neutrality rules established by the FCC, a decision influenced by a Supreme Court ruling (Loper Bright v. US Secretary of Commerce) that reduces the deference given to regulatory agency interpretations of laws. This could lead to further restrictions on regulatory authority, potentially impacting various industries and encouraging businesses to challenge existing regulations. Observers believe this trend may shift power away from federal agencies towards the courts, altering the regulatory landscape.
Stock Forecasts
T
Positive
Given the reduced regulatory power and potential for more legal challenges to existing rules, tech companies and internet service providers may see an opportunity for more favorable business conditions and less government intervention.
VZ
Negative
On the other hand, telecommunications companies that benefit from stricter regulations, such as net neutrality, may face headwinds in the stock market as it appears reform is reversing in their favor, likely affecting their profitability.
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