Chairmen release joint letter addressed to Treasury Department
The leaders of two congressional committees sent a joint letter to the Treasury Department’s inspector general last week, suggesting a federal probe into the $54 billion approved for 2021 airline payroll costs. Airlines that accepted government assistance during 2021 were not allowed to fire workers and were required to limit executive compensation and ban stock buybacks and dividends.
Representative Carolyn Maloney of New York, chair of the House’s Oversight Committee, and James Clyburn of South Carolina, Coronavirus Crisis Committee Chairman, urged the inspector general to “complete a thorough review of the federal funding Treasury has disbursed to airlines to sustain their operations during the coronavirus pandemic, including an accounting for how the funds were disbursed and used by each airline recipient.”
As the Lord Leads, Pray with Us…
- For discernment for members of Congress as they propose federal investigations.
- For the chairs of House and Senate committees to be wise in the direction they guide their focus.
- For the inspector general as he considers the request to investigate.
Sources: CNBC, Reuters
