Greg Stohr
ReporterGreg Stohr writes for Bloomberg.
Greg Stohr writes for Bloomberg.
The justices heard two appeals that could constrain environmental, consumer-protection and financial regulators.
Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.
The case coming before the Supreme Court stems from a 2017 tax law provision that aimed to tax earnings held overseas by big multinational companies.
The case involves a former hedge fund manager whom the SEC accused of misleading investors.
The Supreme Court will review a ruling that cast a constitutional cloud over the use of in-house judges to handle cases pressed by the Securities and Exchange Commission.
The justices, voting 6-3 along ideological lines, sided with six Republican-led states that sued to challenge the program.
The justices unanimously said companies and people facing agency investigations or complaints can go straight to federal court with some constitutional challenges.
The Supreme Court scaled back the federal penalties for failing to file required reports listing foreign bank accounts in a ruling likely to help some Americans living abroad.
The justices turned away a Missouri appeal that sought to ensure states can cut taxes even as they receive $195 billion in federal pandemic-relief money.
The court's terse two-sentence order, letting a House committee get six years of Trump's tax returns, marked the fourth time the justices have rejected him over documents since he left office.