; and (B) the names of employers who paid fines for failure of the employer to notify their employees of these accounts. (10) The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out this subsection. . (c) Employer requirements (1) Chapter 43 of the Internal Revenue Code of 1986 is amended by adding at the end the following: 4980J. Failure of employer relating to MyRA accounts (a) Imposition of tax There is hereby imposed a tax on the failure of any employer to meet the requirements of subsection (e) with respect to any employee. (b) Amount of tax (1) In general The amount of tax imposed by subsection (a) on any failure with respect to any employee shall be $100 for each day in the noncompliance period with respect to such failure. (2) Noncompliance period For purposes of this section, the term noncompliance period means, with respect to any failure, the period beginning on the date the failure first occurs and ending on the date the notice to which the failure relates is provided or the failure is otherwise corrected. (c) Limitations on amount of tax (1) Tax not to apply where failure not discovered and reasonable diligence exercised No tax shall be imposed by subsection (a) on any failure during any period for which it is established to the satisfaction of the Secretary that any employer subject to liability for the tax under subsection (d) did not know that the failure existed and exercised reasonable diligence to meet the requirements of subsection (e). (2) Tax not to apply to failures corrected within 30 days No tax shall be imposed by subsection (a) on any failure if— (A) any employer subject to liability for the tax under subsection (d) exercised reasonable diligence to meet the requirements of subsection (e), and (B) such employer provides the notice described in subsection (e) during the 30-day period beginning on the first date such employer knew, or exercising reasonable diligence would have known, that such failure existed. (3) Overall limitation for