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Quotation from Shearson/American Express Inc. v. McMahon by Supreme Court of the United States
“But after a statute has been construed, either by this Court or by a consistent course of decision by other federal judges and agencies, it acquires a meaning that should be as clear as if the judicial gloss had been drafted by the Congress itself.”
Shearson/American Express Inc. v. McMahon, Opinion of Justice Stevens, concurring in part and dissenting in part (U.S. Reports text (Legal Information Institute))
Justice Stevens explains why he would leave the lower courts' long-settled reading of Wilko in place.
Citation: "But after a statute has been construed, either by this Court or by a consistent course of decision by other federal judges and agencies, it acquires a meaning that should be as clear as if the judicial gloss had been drafted by the Congress itself." — Supreme Court of the United States, Shearson/American Express Inc. v. McMahon, Opinion of Justice Stevens, concurring in part and dissenting in part (U.S. Reports text (Legal Information Institute)). (id shearson-american-express-v-mcmahon-q6)
Portrait: Sandra Day O'Connor crop, Library of Congress (Transferred by Sven Manguard,, Public domain.
