In Congress, he was a founding member of the Congressional Black Caucus. He chaired the Caucus in 1981 and led the organization in presenting, for the first time, a budget to be debated by the House. The "Constructive Alternative Budget" was debated on the House floor for two days. He was a member of the House Banking, Finance and Urban Affairs Committee, Congressman Fauntroy chaired for six years the Subcommittee on Domestic Monetary Policy and for four years chaired the Subcommittee on International Development, Finance, Trade and Monetary Policy. He also chaired, for fifteen years, the Bipartisan/Bicameral Task Force on Haiti.
