True or False: Congress has the authority to regulate interstate commerce insurance transactions.

The correct choice is based on the constitutional framework established by the Commerce Clause, which grants Congress the power to regulate commerce among the states. This power extends not only to trade and goods but also to various forms of economic activity, including insurance transactions that cross state lines.

In the context of interstate commerce, insurance transactions can have a significant impact on the economy and can involve entities operating in multiple states. This is why Congress is empowered to regulate these transactions to ensure consistency and fairness across state lines. Moreover, this regulatory authority aims to protect consumers and ensure that the insurance markets remain competitive and equitable.

While states primarily regulate the insurance industry within their borders, the federal government retains the ability to implement regulations when it comes to interstate commerce. Therefore, it is true that Congress has the authority to regulate interstate commerce insurance transactions.