Supreme Court Radically Shifts Landscape for Administrative Enforcement
Milbank partners George Canellos and Tawfiq Rangwala and special counsel John Hughes discuss the real-world impact that "SEC v. Jarkesy" will have on SEC enforcement.
July 10, 2024 at 10:00 AM
11 minute read
In a landmark ruling on June 27, the Supreme Court dramatically curtailed administrative enforcement powers that federal agencies have wielded for over a century. Until now, Congress enjoyed broad discretion to task agencies with policing rules governing vast areas of society by imposing fines in administrative settings. Those days appear to be over.
The decision sets the stage for extensive litigation regarding when the government can collect penalties without jury trials, and hamstrings agency efforts to enforce rules and standards that today can only be enforced administratively.
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