IL HR0967

Urges Congress to pass legislation supporting banks affected by government-sponsored enterprise losses and the economic downturn.

Seeks to allow banks for the 2010 tax year to carry back 5 years for deductions of losses incurred in the 2008 and 2009 tax years.

Notes that certain banks received TARP funds while many community banks did not, despite suffering significant losses from investments in government-sponsored enterprises.

Recognizes banks' role in community lending and housing recovery, particularly in addressing the foreclosure crisis.

Directs that copies of the resolution be distributed to all members of the Illinois congressional delegation.