The bill would, among other things, tighten oversight of the two mortgage lenders, which saw their stocks plunge as they struggled to raise billions of dollars in fresh capital.
Frank -- the bill's chief House sponsor and chairman of the House Financial Services Committee -- said, "I would hope that people would see the bill as a confidence booster," The Hill reported Friday.
Citing assurances that Treasury Secretary Henry Paulson made when speaking before House Financial Services Committee, Frank said the government-sponsored enterprises were "well-capitalized."
Versions of the housing bill passed the House and Senate and the differences are being resolved in a conference committee. Besides stronger supervision of Fannie Mae and Freddie Mac, both the House and Senate versions contain a package of tax breaks intended to help the housing market.