Democrats signal Musk, corporate probes as investors face new oversight risks

Democratic lawmakers preparing to take control of Congress in January said Sunday they would investigate Elon Musk, scrutinize corporate conduct and examine decisions by senior Trump administration officials.

For investors, the planned inquiries could bring legal expenses, disclosure demands and reputational risks for companies drawn into congressional investigations. Sen. Elizabeth Warren’s (D-Mass.) expected leadership of the Senate Banking Committee puts financial services oversight in focus, although she identified no corporate targets.

"If you've been making your profits by cheating American families and scamming your investors, you'd better get ready for some investigations, serious ones," Warren told CBS’s “Face the Nation.”

Rep. Robert Garcia, expected to chair the House Oversight Committee, said lawmakers would examine Musk’s involvement in federal workforce cuts through the Department of Government Efficiency. He also plans to investigate newly appointed White House chief of staff Stephen Miller’s role in immigration enforcement.

"I think there's a lot of interest, not just from our committee, b...