According to Arizona state law, the governor will have to call a special election to fill the seat as Franks' resignation would come more than 6 months before the next general election.
"If this turns out to be true, there won't be that many people who are surprised", the Arizona Republican said, according to the report.
Asked for comment as he left the floor, Franks said, "I'll let the statement speak for itself".
Walgreens Boots Alliance Inc (WBA) Shares Sold by Park National Corp OH
This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. The institutional investor owned 251,710 shares of the pharmacy operator's stock after selling 761,843 shares during the quarter.
Earlier Thursday, liberal Sen. Notably, Franks neither confirmed nor denied that he was going to resign. He also faced accusations from women of improper sexual behavior that he's contesting. Three years later, Franks pushed bills that would limit access to abortion, even in cases of rape or incest, saying "the incidents of rape resulting in pregnancy are very low".
Franks was seen huddling with fellow Republicans on the floor of the House Thursday, in what appeared to be a prayer circle.
Franks is a congressman from Arizona's 8th district.
Before winning election to Congress, he served in the Arizona legislature and founded the Arizona Family Research Institute, an organization associated with Dr. James Dobson's "Focus on the Family".