The New Civil Liberties Alliance (NCLA) has submitted a reply brief to the Supreme Court, urging it to hear the case Powell, et al. v. Securities and Exchange Commission (SEC), which challenges the constitutionality of the SEC's 50-year Gag Rule. This rule prohibited individuals who settled enforcement cases with the SEC from publicly criticizing their cases for life. Although the SEC rescinded the Gag Rule recently, NCLA argues that this action is a strategic move to evade Supreme Court scrutiny while still asserting that the Gag Rule was constitutional. The organization highlights that many individuals remain under court orders from the Gag Rule era, facing potential penalties for their speech. NCLA's leadership emphasizes the need for a Supreme Court ruling to prevent future administrations from reinstating the Gag Rule and to protect First Amendment rights. They assert that the SEC's claims of not enforcing the Gag Rule do not provide sufficient assurance against its revival. NCLA seeks to eliminate the chilling effect on free speech that the Gag Rule imposed on thousands of Americans.