; and (2) ends upon the earlier of— (A) the date that the Director publishes notice in the Federal Register that the Director has determined that all of the requirements under subsection (b) have been completed, except that the Director may not publish such notice before the expiration of the 2-year period beginning on the date of the enactment of this Act; or (B) the expiration of the 5-year period beginning on the date of the enactment of this Act. (b) Requirements for Ending Transition Period The requirements under this subsection are the following: (1) Approval of initial annual budget and business plan The FHA has submitted to the Director of the Federal Housing Finance Agency an initial annual budget and business plan and the Director has approved the budget and plan. (2) Determination of corporate capacity The Director of the Office of Management and Budget has determined, and notified the Director, that the staff, systems, and administrative infrastructure of the FHA are sufficient to permit the FHA to fully conduct the operation of its business. 552. Authority during transition period During the transition period the FHA may— (1) carry out any power or responsibility of the Secretary of the Housing and Urban Development relating to mortgage insurance programs under the National Housing Act that the Secretary delegates to the FHA, using the staff, systems, and administrative infrastructure that the FHA engages or acquires during the transition period, or the personnel and other resources of the Secretary; (2) incur any obligation consistent with— (A) the carrying out of a power or responsibility delegated under paragraph (1); or (B) the acquisition, engagement, or development of staff, systems (including technology to enhance the ability of the FHA to engage in the business authorized by the title), and administrative structure