; and (B) the benefit or program is continued by the FHA. (2) Cost differential (A) In general The difference in the costs between the benefits which would have been provided by the Department of Housing and Urban Development and those provided by this section shall be paid by the FHA. (B) Health insurance If any employee elects to give up membership in a health insurance program or the health insurance program is not continued by the FHA, the employee shall be permitted to select an alternate Federal health insurance program not later than 30 days after the date of such election or notice, without regard to any other regularly scheduled open season. 558. Transfer of property and facilities Upon the expiration of the transition period, all property of the Department of Housing and Urban Development relating to the functions transferred under section 554 shall transfer to the FHA. 559. Effective Date This subtitle shall take effect on the date of the enactment of this Act. VI Miscellaneous Provisions 601. Preservation of attorney-client privilege for information provided to FHFA Section 1317 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C.4517) is amended by adding at the end the following new subsection: (j) Privileges not affected by disclosure to Agency (1) In general The submission by any person of any information to the Agency for any purpose in the course of any supervisory or regulatory process of the Agency shall not be construed as waiving, destroying, or otherwise affecting any privilege such person may claim with respect to such information under Federal or State law as to any person or entity other than such Agency. (2) Rule of construction No provision of paragraph (1) may be construed as implying or establishing that— (A) any person waives any privilege applicable to information that is submitted or transferred under any circumstance to which paragraph (1) does not apply