[Carry_Okie]

Congress is considering at this very time a repeal of the McCarren Act (I think that's what it's called) that will reverse over 60 years of post depression state regulation of the insurance industry and make it federally regulated.

Would their authority for that derive from the intrastate commerce clause?

[SierraWasp]

Derivitive authority is an intreguing(sp?) concept! Teddy Roosevelt derived his authority to establish the Food & Drug Administration and a whole bunch of other beligerent bureaucracies that penetrate deep into every aspect of our every-day lives today, from the simple assertion that if the US constitution didn't specifically forbid it, the Executive could "make it so!"

FDR advanced that to the absurd, creating the USSA of today!!!

At this very moment I'm investing in "derivatives" on the Chicago Board of Exchange for fun and profit (hopefully). They (stock option derivitives) can be fleeting things, where "derivitive authority" is seemingly never ending when instituted by DemonicrTICKs and Repellicans, alike!!!