What the End of the Chevron Doctrine May Mean for ERISA's Fiduciary Provisions

Summary

In Loper Bright Enterprises v. Raimondo and Relentless Inc. v Department of Commerce, the Supreme Court held that both the United States' constitutional structure and the Administrative Procedure Act preclude a court from deferring to administrative agencies when they interpret ambiguous statutory text. Instead, the court must assess the ''best meaning'' of the statute using traditional tools of statutory construction.