Article One of the United States Constitution, section 8, clause 18:
“ The Congress shall have Power -
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
Article I, Section 8, Clause 3:
“ [The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian tribes;
STAFFORD V. WALLACE, 258 U. S. 495 (1922)
2. It is for Congress to decide from its general information and from the special evidence brought before it the nature of evils, present or threatening, and to enact such legislation within its power as it deems necessary to remedy them, and this environment should be considered by the courts in interpreting the scope and effect of the act in order to determine its validity. P. 258 U. S. 513.
3. Commerce among the states is not a technical legal conception but a practical one, drawn from the course of business. P. 258 U. S. 518. Swift & Co. v. United States, 196 U. S. 375.
4. Streams of commerce among the states are under the national protection and regulation, including subordinate activities and facilities which are essential to such movements, though not of interstate character when viewed apart from them. P. 258 U. S. 519.
STAFFORD V. WALLACE, 258 U. S. 495 :: Volume 258 :: 1922 :: Full Text :: US Supreme Court Cases from Justia & Oyez
A lot depends on if that company is engaged in commerce between the states. If that company is let's say a a local bakery that only operates within the confines of the state it resides then NO the Federal Govt. has no authority under the commerce clause. However, if that company is engaged. in commerce. like a GM, Exxon, Wal-Mart for example the Congress. has authority under the commerce clause to make all laws that are necessary and proper to regulate them.