House coronavirus oversight panel demands large companies repay small-business loans

  • 📰 politico
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Speaker Nancy Pelosi's select committee overseeing the federal coronavirus response has settled on its first course of action: name and shame

Speaker Nancy Pelosi's select committee overseeing the federal coronavirus response has settled on its first course of action: name and shame.

applied for and accepted small-business loans meant to aid those struggling to survive amid the pandemic. And the lawmakers are asking them to return the funds by next week or face a long list of document demands.“Since your company is a public entity with a substantial investor base and access to the capital markets, we ask that you return these funds immediately,” according to letters sent to each of the companies.

"This action by Democrats represents dangerous government intimidation that could cause more widespread layoffs at a time when we should be trying to keep American workers on the payroll," said House Minority Whip Steve Scalise , the top Republican on the committee.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s uplifting

Sounds good to me! The errors need no confirmation. They occurred in plain view off the nation and the world.

I expect her to release the flying monkeys any moment now...

Where are folks & senior citizen stimulus check? Can any one find it?

Margaretherapy She’s absolutely right to call out the robber barons.

Good, name and shame works

Impeach pelosi, and the 18 new congressman who lied their way into the house 2018 election

.SpeakerPelosi may I suggest you start your name and shame with RepAdamSchiff for lying to us for three years. He also stole more than $30 million from the U.S. Taxpayers. Thank you.

Isn’t that ALWAYS her course of action. Let’s be fair she hasn’t changed anything.

Shame her for telling people it was no big deal

Good -- companies that took advantage of the program *should* be exposed. VoteBlue2020

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House coronavirus oversight panel asks five companies to return loans meant for small businessesThe House Oversight Committee's new select coronavirus oversight panel sent letters to five different companies on Friday asking them to return loans they received from the Paycheck Protection Program set up during the pandemic to aid struggling small businesses.
Source: CNN - 🏆 4. / 95 Read more »