Congressman Rings NASDAQ Opening Bell
On Wednesday, Congressman Gregory W. Meeks presided over the NASDAQ opening bell. As a member of the House Financial Services Committee, and its sub committee Capital Markets the Congressman supports a fair and efficient national market system that promotes the raising of capital for businesses large and small.
In an effort to create jobs and opportunities in his district, Congressman Meeks supported access to JFK Airport for the creation of Jet Blue Airlines, which increased air service from New York City airports to communities in upstate New York. Through the New Markets Tax Credit Program he was recently successful in securing $21 million in tax credits which can raise up to $54 million in equity for investments in commercial development in downtown Jamaica. Because he knows that economic development and education go hand in hand, Mr. Meeks has appropriated nearly $5 million for educational support programs including the Science, Engineering, Mathematics and Aerospace Aeronautics program run by NASA out of York College.
Congressman Meeks currently serves on the House Financial Services Committee, its Subcommittee on Capital Markets, Insurance & Government Sponsored Enterprises & the Subcommittee on Financial Institutions & Consumer Credit, where he champions the cause of home ownership and eliminating predatory lending practices. He is the author of a major revision of the federal statutes governing state predatory lending abuses.
He also serves on the House International Relations Committee where he is a Member of the Subcommittee on Africa, and the Subcommittee on the Western Hemisphere. With a real interest in the development of small economies, he has made strides toward using trade and international relations as tools of both diplomacy and development.
A spokesman for Congressman Meeks says that he has a proven track record on Capitol Hill in advocating for consumers. His bills to protect automobile consumers, frequent flyers and homebuyers have generated much debate and discussion in the halls of Congress. He has balanced his support of labor on the floor of the house while supporting trade, business development, and global economics.
He has worked on environment issues and challenged drilling in the Alaskan Wildlife Reserve, while supporting increased domestic energy production that protects the environment and lessens our dependence on foreign energy sources.