The FCC could only halt U.S. megaconstellations. So, we would still have constellations of satellites from other countries, including China, Russia, maybe Europe, maybe India.
So, unless there is at least a UN based treaty to not launch megaconstellations, the U.S. would just be shipping more of our technological base to other countries. And, without some means of enforcing a UN treaty, it could still prove useless for achieving a no-megaconstellation result.
Probably more feasible to try to get agreement on things like reflectivity and frequency leakage rates to at least minimize the undesirable effects.
But, given the amount of plain "light pollution" that continues to increase on the ground, decades after it was identified as wasteful, I don't have much hope for avoiding the orbiting analog.