The House voted along party lines on Thursday in favor of establishing a select committee to oversee the federal government's response to the novel coronavirus.

Why it matters: The committee, chaired by House Majority Whip Jim Clyburn (D-S.C.), will have subpoena power and broad authority to investigate how the Trump administration uses the trillions of dollars in coronavirus relief allocated by Congress.

House Speaker Nancy Pelosi announced the formation of the committee earlier this month, but needed the full House's approval before formally establishing the panel.

The committee will be a special investigatory subcommittee under the Oversight Committee.

Between the lines: Republicans have voiced concerns that the committee will be partisan, though the resolution states that seven Democrats and five Republicans will be appointed to the panel.

During a press conference Wednesday, McCarthy said he doesn't see the point of creating a select committee to oversee stimulus spending, calling it "redundant."

"We already have three other committees" to conduct oversight of the allocation of stimulus funds, he said.

The big picture: The committee won't be the only mechanism intended to provide oversight of the coronavirus response.