As part of its ongoing investigation into the Federal Reserve’s administration of pandemic relief lending programs, House Select Subcommittee on the Coronavirus Crisis Chair James E. Clyburn sent a letter to Fed Chair Jerome Powell on May 7. The letter seeks documents and information regarding the Fed’s administration of the Main Street Lending Program and Municipal Liquidity Facility. Rep. Clyburn expressed concern about the “delayed implementation” and “limited reach” of the programs. He said: “I seek to better understand the performance of the Fed’s pandemic relief programs to determine whether those programs achieved their intended objectives and whether similar programs may be useful in responding to future crises.”