en.wikipedia.org/wiki/Barney_Frank In 2003, Frank opposed Bush administration and Congressional Republican efforts for the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis.[28] Under the plan a new agency would have been created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis," Frank said. He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[28] As chairman, Frank steered the major housing relief bill of 2008 to passage, which aims to protect thousands of homeowners from foreclosure.[27] This law, H.R. 3221, The American Housing Rescue & Foreclosure Prevention Act, was the most important and complex issues on which he worked.[27][29] Frank was also instrumental is the passage of H.R. 5244, the Credit Cardholders’ Bill of Rights Act of 2008.[30]