; and (B) a description of the degree to which the covered agency relies on outside contractors to design technology and perform technology-related tasks; (4) a description of the processes used by the covered agency to obtain information from entities supervised by the covered agency and general information about market trends and risks; (5) a description of the ways in which the covered agency shares information with other covered agencies; (6) an evaluation of the level of ease or difficulty experienced by the covered agency when— (A) sharing data with other government agencies; and (B) collecting data from entities supervised by the covered agency; and (7) a description of any plans the covered agency has with respect to how the covered agency will implement future upgrades to the technology used by the covered agency to supervise entities supervised by the covered agency, including— (A) a general description of any planned upgrades; (B) the anticipated timeline of any planned upgrades; (C) the costs of any planned upgrades; (D) any concerns about access to needed resources; (E) intended efforts for hiring and training individuals as part of any technological upgrades; (F) any aspects of any plan that should be addressed on an interagency basis; and (G) any anticipated challenges and solutions associated with entities supervised by the agency adapting to new reporting requirements, including the needs and plans for supervised entities adaptation to new reporting requirements, including estimates of transition costs and potential cost reductions over time. (c) Covered agency defined The term covered agency means the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau and the National Credit Union Administration.