SCOTUS extends time period for regulation challenges

The Supreme Court of the United States ruled in a 6-3 decision that the six-year period for lawsuits against government under the Administrative Procedure Act begins after the first right of action accrues, rather than when a regulatory action is finalized.

The lawsuit, Corner Post v. Bored of Governors of the Federal Reserve System, filed in 2021, argued that Reg II is unlawful under the APA. The SCOTUS ruling did not determine a decision on the merits of the lawsuit, and will be sent to the lower courts for further review.

Read more on the case here.