Speaker Nancy Pelosi (D-CA) today announced the formation of a bipartisan select committee to oversee the multitrillion-dollar federal response to the COVID-19 pandemic.

Congress has passed three emergency coronavirus relief bills so far this year, including the $2.2 trillion CARES Act last week, the largest aid package in U.S. history. A fourth bill is on the horizon. With so much funding appropriated to help individuals, small businesses and affected industries recover from the crisis, the committee’s role is to “examine all aspects of the federal response to the coronavirus and ensure the taxpayer’s dollars are being wisely and efficiently spent,” Pelosi said.

Pelosi has named Rep. James Clyburn (D-SC), the Democratic whip, to lead the bipartisan committee.

“The panel will root out waste, fraud and abuse; it will protect against price-gauging, profiteering and political favoritism,” Pelosi said. “The fact is, we do need transparency and accountability.”