; or (II) the capabilities of other entities is not feasible within that period of time and could adversely impact facilitating the issuance of securities by the enterprises; and (ii) submits to Congress a report describing the justification for the determinations made under clause (i). (4) Transfer of funds from the enterprises At a time established by the Director, but not later than the Transfer Date, the Agency shall transfer to Common Securitization Solutions such funds from the enterprises as the Director, after consultation with the CSS Board of Managers, determines may be reasonably necessary for Common Securitization Solutions to begin carrying out the operations and activities of the Common Securitization Platform and the contractual and disclosure framework. (b) Reports on Development and Transition (1) Quarterly report on development Not later than 1 year after the date of enactment of this Act, and every quarter thereafter until the Transfer Date, the Director shall submit to Congress a report on the status of the development of the Common Securitization Platform and the contractual and disclosure framework, which shall include— (A) the projected timelines, including issues and impediments, for— (i) completing development of the Common Securitization Platform to support the securitization needs of the enterprises; and (ii) completing development of the Common Securitization Platform and the contractual and disclosure framework to support the securitization needs of issuers other than the enterprises