Fannie Mae-No Politics (FNMA)

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Obit, perhaps you can answer a question. In light of the recent comments from Shaun Donovan indicating that the Obama administration predicts movement towards housing reform in the coming weeks via the Johnson-Crapo bill in the Senate.

I've found this article published in Oct 2013 highlighting the basic goals of each piece of housing reform legislation introduced to date.

http://www.standardandpoors.com/spf/upload/Events_US/US_FI_Event_Webcast111313_Article4.pdf

From what I gather, the Johnson-Crapo bill (FHA Solvency Act?) seeks to reform FHA so that they will serve a greater, more efficient role in the housing market by: increased underwriting standards, proper oversight, increase return of private capital, and retaining a capital reserve to protect against loss. Is the FHA Solvency Act the same bill that Johnson-Crapo are currently working on to reform the housing finance system?

If so, this bill mentions nothing of GSE oversight or the fate of the GSEs under said legislation? Do we know or have any hint of what Johnson-Crapo intend to do with Fannie and Freddie under this plan? Does this plan suggest Fannie/Freddie's current dominant role in the marketplace would be transitioned over to the FHFA, with the GSEs acting as insurers/reinsurers on an even playing field with other financial institutions?

The easy answer might be that nobody knows at this point. Just wondering if you (or anyone else) could shed some light on the subject.