ASA Applauds Supreme Court Rulings to Rein in Administrative State

WASHINGTON – The American Securities Association (ASA) today applauded the Supreme Court’s decisions in Loper Bright Enterprises v. Raimondo and Relentless, Inc. v. Department of Commerce.

“Today’s decisions are necessary to stop an out-of-control administrative state from continuing to trample on our democracy,” said ASA President and CEO Chris Iacovella. “Returning policymaking authority to the elected representatives of the American people is a major victory for our Constitution and the separation of powers in our country.”

###

American Securities Association, based in Washington, DC, represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.