Brief Fact Summary. Securities Industry Association (Respondent), representing securities brokers, underwriters and investment bankers, brought suit against the Comptroller of Currency in the United States District Court for the District of Columbia regarding his interpretation of Section:Section:36(c) & (f) of the National Bank Act (Act). The Comptroller argued that Respondent lacked standing because it was not within the zone of interests protected by the Act.
Synopsis of Rule of Law. To establish Section:702 standing, the complainant be “adversely affected or aggrieved” to establish an injury in fact, as well as within the zone of interests sought to be protected or regulated by the statute or constitutional guarantee in question.
Issue. Was the Respondent a proper party to bring suit?
Held. Yes. Data Processing provides guidance as to the “zone of interest” formula: 1] The Court interpreted “relevant statute” broadly; and 2] The Court approved the trend toward the enlargement of the class of people who may contest administrative action. The Comptroller’s argument focused too narrowly on Section:36, and did not adequately place the section in the overall context of the Act. Data Processing demonstrated that the Court is not limited to considering the statute under which respondents sued, but can consider any provision that helps it to understand the Congress’ overall purposes. Dissent. None. Concurrence. Petitioner’s argument focused on too narrow a reading of the statutory interests, and the case should have been decided based on standing alone, without the zone of interests discussion.
A separate indication of congressional intent to make agency action reviewable under the APA is not necessary; instead, the rule is that the cause of action for review of such action is available absent some clear and convincing evidence of legislative intention to preclude review.View Full Point of Law