Washington (CNN) The 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. The letters ask each of the companies to "immediately return" the loan given out under the program "so that these funds may be used to support truly small businesses that are struggling to survive during the coronavirus crisis." While the loans going to publicly traded companies have been just a small fraction of the money going out the door, they have generated outsized media scrutiny. A list of which private companies got the money has not been released by the Small Business Administration. The companies that received letters are MiMedx Group, EVO Transportation & Energy Services, Universal Stainless & Alloy Products, Quantum Corp. and Gulf Island Fabrication.

Source: CNN May 08, 2020 20:30 UTC