; and (2) resolve all functions that are transferred to the Secretary under section 4(a)(2). (b) Termination of functions All functions that are transferred to the Secretary under section 4(a)(2) shall terminate on the date all obligations of the Bank, and all obligations of others to the Bank, in effect immediately before the abolishment date have been satisfied, as determined by the Secretary. (c) Report to the Congress When the Secretary makes the determination described in subsection (b), the Secretary shall report the determination to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate. 6. Duties of the Secretary of the Treasury (a) In general The Secretary shall be responsible for the implementation of this Act, including— (1) the administration and wind-up of all functions transferred to the Secretary under section 4(a)(2); (2) the administration and wind-up of any outstanding obligations of the Federal Government under any programs terminated by this Act; and (3) taking such other actions as may be necessary to wind-up any outstanding affairs of the Bank. (b) Delegation of functions The Secretary may delegate to any other Federal department or agency head the performance of the functions of the Secretary under this Act, to the extent that the Secretary determines that the delegation would further the purposes of this Act. (c) Transfer of assets and personnel In connection with any delegation of functions under subsection (b), the Secretary may transfer to the department or agency concerned such assets, funds, personnel, records, and other property relating to the delegated function as the Secretary determines to be appropriate. (d) Authorities of the Secretary For purposes of performing the functions of the Secretary under this Act and subject to the availability of appropriations, the Secretary may— (1) enter into contracts