A House committee demanded Friday that large public companies that accepted Paycheck Protection Program (PPP) loans meant for small businesses return them immediately.

The House Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn (D-S.C.), sent letters to five companies, asking them to “immediately return taxpayer funds that Congress intended for small businesses struggling to survive during the coronavirus crisis.”

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...