First, identify a federal government agency (or its state counterpart) that impacts the day-to-day operations of your business (either current or aspirational). Explain briefly the scope of this agency’s authority as it was created by Congress or a state legislature.
Then, provide an example of how your business is impacted by this agency’s activities and regulations. How do these interactions advance the goals of the agency? Are there better ways to do so? Are this agency’s actions within the scope of its authority?