; (ii) FinCEN endeavors to use a competitive process, where appropriate, when determining the parties to the transaction; and (iii) the Director makes a written determination that using a standard contract to do so is either not feasible or not appropriate. (B) Gift acceptance authority During the 5-year period that begins with the date of enactment of this subsection, FinCEN may solicit, accept, and utilize any contribution, provision of access, gift, or donation of tangible or intangible property or service that the Director determines appropriate, from any agency or instrumentality of the United States, or any State, territory, or possession of the United State, or any political subdivision thereof, or any person, firm, association, corporation, educational institution, self-regulatory organization, or other entity, if— (i) the property or service is used only for the requirements described in paragraph (1); and (ii) the Director makes a written determination that accepting the contribution, provision of access, gift, or donation is consistent with fulfilling such requirements, and that using the standard contract or other transaction to do so is neither feasible or appropriate. (3) Annual report Not later than 60 days after the end of each fiscal year, FinCEN shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on all transactions entered into, and all contributions, provisions of access, gifts, or donations accepted under paragraph (2), including— (A) a brief description of the rationale for and purpose of each transaction, contribution, provision of access, gift, or donation, with an explanation of its potential utility to FinCEN, as well as the current status of all related projects; (B) FinCEN’s justification for why it was not feasible or appropriate to use the standard contract with respect to that subject