Board of Governors of Federal Reserve System v. Investment Company Institute
450 U.S. 46 · Decided February 24, 1981 · Supreme Court of the United States
At a glance
Board of Governors of Federal Reserve System v. Investment Company Institute was decided on February 24, 1981 unanimously (6–0). The Court reversed the lower court's decision. Justice John Paul Stevens wrote the opinion of the Court. SCDB classifies its main issue as “Securities regulation” in the Economic Activity area.
Read the opinion
Case details
- Citations
- 450 U.S. 46 · 101 S. Ct. 973 · 67 L. Ed. 2d 36 · 1981 U.S. LEXIS 15
- Docket number
- 79-927
- Decided
- February 24, 1981
- Argued
- October 15, 1980
- Court era
- Burger Court
- Decision type
- Opinion of the Court (orally argued)
- Disposition
- Reversed
- Outcome for petitioner
- The petitioning party received a favorable disposition
- Vote
- 6–0 (unanimous)
- Majority opinion
- John Paul Stevens
- Opinion assigned by
- Warren E. Burger
- How the case arrived
- Certiorari
- Issue (SCDB)
- Securities regulation
- Issue area
- Economic Activity
- Legal provision
- 12 U.S.C. § 1843
- Type of law
- Infrequently litigated statute
- Decision direction (SCDB)
- Liberal what this means
How the Justices voted
| Justice | Vote | Separate writing |
|---|---|---|
| Justice William J. Brennan Jr. | Majority | |
| Justice Byron R. White | Majority | |
| Justice Thurgood Marshall | Majority | |
| Chief Justice Warren E. Burger | Majority | |
| Justice Harry A. Blackmun | Majority | |
| Justice John Paul Stevens | Majority | Wrote an opinion |
Did not participate: Potter Stewart, Lewis F. Powell Jr., William H. Rehnquist.
Full case caption
Board of Governors of Federal Reserve System v. Investment Company Institute
SCDB identifiers: case 1980-040, docket 1980-040-01.
Related decisions
Other cases on “Securities regulation”
- Steadman v. Securities and Exchange Commission
- Aaron v. Securities and Exchange Commission
- Marine Bank v. Weaver et Ux.
- Transamerica Mortgage Advisors, Inc. v. Lewis
- Touche Ross & Co. v. Redington
- United States v. Naftalin
Same Term, same area (Economic Activity)
- Environmental Protection Agency v. National Crushed Stone Association
- Potomac Electric Power Co. v. Director
- Minnesota v. Clover Leaf Creamery Co.
- Steadman v. Securities and Exchange Commission
- Diamond v. Diehr
- Diamond v. Bradley
Source: Supreme Court Database, 2026 Release 01 (data file dated September 8, 2026). Imported into CaseTrail November 5, 2026. Coverage: decisions from the 1946 through 2025 Terms. Methodology · Report an error