Business > Finance

Kodak's $765 million government loan is being investigated by House Democrats after Elizabeth Warren urges probe

1 month ago   |   By Business Insider

House Democrats have launched an investigation into Kodak and the government office that issued it a potential $765 million loan to shift to drug production.
House Financial Services Committee Chairwoman Maxine Waters is among democratic leaders who on Wednesday sent a letter asking the US International Development Finance Corporation for all communications concerning the Kodak loan.
Democratic leaders also sent a letter to Kodak CEO Jim Continenza Tuesday, The Wall Street Journal reported Wednesday.
The investigation comes a day after the Securities and Exchange Commission launched its...
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Democrats launch probe into $765M Kodak loan

Democrats launch probe into $765M Kodak loan

1 month ago   |   By Politico

House Democrats are investigating a $765 million federal loan awarded to Eastman Kodak for the photography company to start producing drug ingredients - a surprising deal that has drawn scrutiny because of stock transactions by company insiders around the announcement.
House Coronavirus Crisis Subcommittee Chair Jim Clyburn , Financial Services Chair Maxine Waters and other committee leaders sent letters seeking information to Eastman Kodak Executive Chair James Continenza and to U.S. International Development Finance Corp. CEO Adam Boehler , whose agency issued the loan.
The lawmakers are...
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Kodak's $765 Million U.S. Loan Prompts Probe by House Democrats

Kodak's $765 Million U.S. Loan Prompts Probe by House Democrats

1 month ago   |   By Bloomberg

House Democrats have launched an investigation into Eastman Kodak Co.'s $765 million government loan and are seeking documents from a U.S. agency involved in granting the proposed funding.
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