Congress decided to largely relinquish regulatory control to the states when it passed the __________ Act.

Name: Congress decided to largely relinquish regulatory control to the states when it passed the __________ Act.
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Question

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The correct answer is the McCarran-Ferguson Act. This act, passed in 1945, allows states to regulate the insurance industry, effectively giving them primary authority over insurance regulation, rather than the federal government.

Congress Decided to Largely Relinquish Regulatory Control to the States