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WBK Industry News - Federal Regulatory Developments

President Trump Nominates Tenth Circuit Judge Neil Gorsuch to Vacant Supreme Court Seat

The President has nominated Tenth Circuit Judge Neil Gorsuch to replace the late Justice Scalia on the U.S. Supreme Court. Of particular interest to the financial services industry, Judge Gorsuch has questioned Chevron deference, which requires courts to defer to executive agencies’ interpretations of otherwise ambiguous statutes under many circumstances; he has also been critical of the expanding amount of federal regulations required to be followed by government program participants.