House Speaker Nancy Pelosi on Wednesday named seven Democrat lawmakers to a committee tasked with overseeing coronavirus stimulus money, reports Politico.
The move comes after reports surfaced of publicly traded companies receiving loans meant for small businesses, including Shake Shack, Ruth’s Chris Steak House and sports franchises like the NBA’s Lakers.
The panel will be led by House Majority Whip Jim Clyburn, D-S.C., and includes the chairs of three congressional committees: Rep. Maxine Waters of California (Financial Services Committee), Rep. Carolyn Maloney of New York (House Oversight Committee), and Rep. Nydia Velázquez of New York (House Small Business Committee).
Pelosi's nominees also include Rep. Bill Foster of Illinois, Rep. Jamie Raskin of Maryland and Rep. Andy Kim of New Jersey.
Politico says it’s unclear whether Republicans will participate in the committee’s work.
Congress has passed four bills to aid Americans during the pandemic, including a $484 billion coronavirus relief bill signed by President Donald Trump last week.
"We must make sure that the historic investment of taxpayer dollars made in the CARES Act is being used wisely and efficiently to help those in need, not be exploited by profiteers and price-gougers," Pelosi said in a "Dear Colleague" letter.
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