to an automatic IRA the provider of which is included in the website list established under section 408B(h)(3) of such Code, are to be made to an individual retirement plan designated by the employee, or are to be invested in retirement bonds (whether to the Secretary of the Treasury or to a designated trustee or other agent for that purpose). . (B) Customer identification program Notwithstanding the amendment made by subparagraph (A), an individual retirement plan established pursuant to an automatic IRA arrangement described in section 408B(d) of the Internal Revenue Code of 1986 shall, for purposes of any customer identification program established under section 5318(l) of title 31, United States Code, be treated as an account opened for the purpose of participating in an employee benefit plan established under the Employee Retirement Income Security Act of 1974. (2) Fiduciary duties Section 404(c)(2) of such Act is amended— (A) by inserting the following sentence before the last sentence: In the case of an automatic IRA under section 408B of such Code that is not exempt under section 3(2)(C), a participant or beneficiary shall, for purposes of paragraph (1), be treated as exercising control over the assets in the account on and after the 7th day after notice has been given to an employee that such automatic IRA has been established on behalf of the employee. , and (B) by inserting or with respect to an automatic IRA under section 408B of such Code after arrangement in the last sentence. (e) Notice of availability of investment guidelines (1) In general Section 408(i) (relating to reports) is amended by adding at the end the following new sentences: Any report furnished under paragraph (2) to an individual shall include notice of the internet website of the Department of Labor for sources of information on individual investing and diversification. . (2) Update Information Such information shall be modified (or updated) by the Secretary of Labor in consultation with the Secretary of the Treasury and the