The campaign to gut Washington's power over corporate America

[justaprogressive]

A decade-long conservative crusade against financial regulators will come to a head soon with a crucial Supreme Court ruling, part of a legal strategy that has spread across multiple Washington agencies into a broad attack on a core power of the federal government.

The court’s ruling on Securities and Exchange Commission v. Jarkesy, a case challenging the power of in-house federal judges, could hobble a whole range of agencies in unpredictable ways, cutting the powers of antitrust enforcers, labor regulators and consumer finance watchdogs.

Driven by an alliance of tech billionaires, conservative legal activists and the business lobby, the legal campaign that has arisen around Jarkesy is a little-appreciated but significant version of the “war on the administrative state” that Donald Trump promised but largely failed to deliver.

The decision is one of three Supreme Court fights this term over efforts to undermine key powers of the federal government. On Thursday, the justices came down in favor of regulators by upholding the funding of the Consumer Financial Protection Bureau. Another pair of cases awaiting decision could overturn a crucial 40-year precedent that allows agencies to broadly interpret federal law.

[link:https://www.politico.com/news/2024/05/21/supreme-court-jarkesy-administrative-state-00158948|

[sop]

1. This, along with tax cuts for the wealthy and privatization of the commons, has been the entire GOP agenda

for decades. All that crap about guns, gays, abortion, religion, racism and nativism has just been window dressing to get the rubes inside the Republican tent.