; and (B) the projected budget, including costs incurred by Common Securitization Solutions and the enterprises, for the development of the Common Securitization Platform and the contractual and disclosure framework. (2) Report on transition Not later than 2 years after the date of enactment of this Act, the Director shall develop a plan, and 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 such plan, to transition, by the Transfer Date, the Common Securitization Platform and the contractual and disclosure framework from Common Securitization Solutions into a private, nonprofit entity that best facilitates a deep, liquid, and resilient secondary mortgage market for mortgage-backed securities. (3) Annual report on the Common Securitization Platform The Inspector General of the Agency shall issue an annual report to the Congress on the status of the Common Securitization Platform until the Transfer Date. 315. Transfer date (a) Transfer of Platform to Exchange Common Securitization Solutions shall transition the Common Securitization Platform and the contractual and disclosure framework, including any associated intellectual property, technology, systems, and infrastructure, at the Transfer Date, to the Exchange, in accordance with this Act. (b) Transfer Date (1) Designated transfer date The Director shall establish a Transfer Date for the transition of ownership of the Common Securitization Platform and the contractual disclosure framework, including any associated intellectual property, technology, systems, and infrastructure, from the enterprises and Common Securitization Solutions to the Exchange. (2) Public notice In establishing the Transfer Date under paragraph (1), the Director shall provide notice to the public of such date, including on the website of the Agency. (3) Deadline The Transfer Date established under paragraph (1) shall be no earlier than 2 years after the date of the enactment of this