Since his election to Congress in 1998, Representative Gregory W. Meeks has been a member of the Financial Services Committee (formerly the Banking Committee). During his tenure he has been a leader on several issues including: America's competitiveness in capital markets, calling for greater diversity in the financial services industry, and improving homeownership amongst African Americans. His efforts and accomplishments include:

• Being the lead sponsor of the COMPETE Act, a bi-partisan effort to reform the Sarbanes-Oxley Act of 2002. Sarbanes-Oxley was an accounting reform law passed in 2002 whose onerous implementation has been blamed for driving capital formation offshore.
• Passing legislation to allow American stock exchanges to offer a second level of listing opportunities so smaller companies can go public and raise more capital for growth.
• Passing of the Financial Services Diversity Initiative calling on the financial services industry to take positive steps to create more opportunities for minorities and women in the industry.
• Amending the Government Sponsored Enterprises Reform bill to recognize and correct disparities in lending rates between whites and non-whites and calling for the new GSE regulator to implement diversity initiatives amongst its workforce.
• Working with the Congressional Black Caucus Foundation to create a With Ownership Wealth initiative within the 6th Congressional District to help improve homeownership rates in the district.
• Supporting the Mortgage Reform Act to eliminate predatory lending practices amongst the mortgage industry.