Business groups fight back against the Biden administration's regulations

Earlier this week, the Chamber of Commerce sued the Federal Trade Commission over its non compete ban. And that’s just one of the many lawsuits business groups have filed against the Biden administration. Megan Casella joins us now to explain why we’re seeing a surge in legal action against the administration. Hi Megan. Hey, Contessa. So banking and business groups tell us they’re pushing back against what they see as regulatory overreach. Now, if you compare this to previous administrations, the Chamber of Commerce filed 15 lawsuits against the Obama administration in its first term. And then just three against Trump. But they expect to file at least 22 lawsuits against Biden by the end of this term. They’re not alone either. The American Bankers Association has signed on to 4 lawsuits against Biden bank regulators in the last 18 months or so, after not suing any regulators for roughly A decade before that. Now these suits come as total regulation has increased under Biden according to one metric from George Mason University. And while the Chamber views litigation as a last resort, they say they’re choosing to sue when they see agencies acting outside the limits of their authority. We went from a time where we would argue about a particular regulation to a period where the concern is about the the, the direction as a whole and the sustainability of the system. Now, the White House says it is fully confident that agencies are acting within their authorities, and they say their goal is to help workers and families. But the business groups say that when every administration can simply rewrite the rules the way they want to, it amounts to regulatory whiplash and nobody benefits. Guys Megan, thank you very much.