solved As we discussed in this class, society, through its laws

As we discussed in this class, society, through its laws and policies impacts business, and business in turn impacts society. The purpose of this paper is to give you experience in writing a brief analysis of a law that impacts a business corporation in California.  You can choose a law and a corporation with which you are familiar.    For example, you might analyze The Sarbanes Oxley Act, 2002, or the Family and Medical Leave Act, 1993, Americans with Disabilities Act, or some other law.   You can use the following as guidelines to structure your paper. Make sure your title has some indication to what you are analyzing—do not be so creative with the title that it obscures the focus. 

Introduction to the paper (highlight the law and the corporation you have chosen)
Analysis:

-Why did the law come about? (i.e., what did society find lacking that led to this (the creation of this law?)
-How the law has impacted (or how will it impact) your corporation?
-What are the benefits of the law? (i.e., who has the law helped and why?)
-What pressures/costs has the law placed on the corporation? (i.e., is this law fair to all concerned?)
-What might be likely to happen to amend the law or change it in some way?

Summary & Recommenpermitted applicationdations
Bibliography

The paper should be 4-6 pages in length not inclusive of the cover page and cited references
The policy

Paycheck Protection Program (PPP): On December 27, 2020, President Trump signed off on a $900 billion COVID-19 relief bill, which included an extension of the PPP that had previously expired on August 8, 2020. The bill includes approximately $284 billion for PPP loans and many changes to PPP that will affect new and existing borrowers. Here are three developments businesses should know: 

Under the new legislation, certain categories of borrowers previously ineligible for PPP loans, such as local chambers of commerce and housing cooperatives, will now qualify. This means that some businesses may therefore be eligible to apply for the first time.
Businesses that previously obtained a PPP loan may also seek a second loan, called a “Second Draw,” subject to certain eligibility requirements.
The new legislation expands the loan’s permitted uses and forgiveness conditions to include business expenses such as certain operations expenditures, worker protection expenditures, and payroll costs. The Small Business Administration and other applicable regulators will be issuing guidance and regulations related to this legislation in 2021.