Biden administration faces onslaught of lawsuits as business groups claim regulatory overreach – By Megan Cassella (CNBC) / April 29, 2024
- The Biden administration faces a wave of lawsuits targeting its regulatory agenda, as business and banking groups argue that federal agencies are overstepping their authority.
- The Chamber of Commerce expects to file at least 22 lawsuits against the Biden administration before the end of this term, compared with three suits filed against the Trump administration and 15 filed during Obama’s first term.
- The American Bankers Association has signed onto four lawsuits against banking regulators since Sept. 2022, after not signing onto any for roughly a decade before that.
WASHINGTON — When the Federal Trade Commission finalized a rule earlier this month banning non-compete clauses, the blowback was swift: Within 24 hours, the U.S. Chamber of Commerce led a handful of business groups to file a lawsuit seeking to block the ban. They argued that the FTC lacked the authority to impose it in the first place.
The playbook is becoming a familiar one: The Biden administration finalizes a new rule regulating business, and the Chamber and industry lobbying groups immediately sue to stop it by arguing that the agency has overstepped its authority.
So far this year, the administration has finalized seven rules, addressing everything from independent contractors to credit card late fees and climate disclosure requirements, only to see them met with near-immediate lawsuits by the Chamber and other groups.
CONTINUE > https://www.cnbc.com/2024/04/29/biden-faces-slew-lawsuits-business-groups-criticize-overreach.html
