House coronavirus committee will investigate loans that went to publicly traded companies, says Rep. Clyburn

The House majority whip said a priority for his committee will be looking into how publicly traded companies received loans to help small businesses.

The House select subcommittee to conduct oversight of the government's coronavirus response will prioritize looking into how Paycheck Protection Program loans got into the hands ofThe committee was formed by a resolution last week, and will oversee the use of taxpayer funds in relief efforts. Though it is intended to be bipartisan and include Republican members, its passage got no support from the GOP. The rest of the committee's 12 members have yet to be announced.

"We are there to ensure the American people maintain confidence in their government. We need that now more than ever in my lifetime," Clyburn said. Clyburn, the House majority whip, laid out his plans for the committee over the weekend in an interview with Columbia, S.C. outlet . He said among the issues he hopes to investigate is how loans intended to help small businesses impacted by the coronavirus pandemic were allocated to larger companies.

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