1274(d)(1) of the Internal Revenue Code of 1986, calculated from the last day by which such amount was required to be so paid to the date on which such amount is paid into the designated S.A.F.E. account. (e) Rules for application of section (1) Penalties assessed by Commissioner of Social Security Any civil penalty assessed by this section shall be imposed by the Commissioner of Social Security and collected in a civil action. (2) Compromises The Commissioner may compromise the amount of any civil penalty imposed by this section. (3) Authority to waive penalty in certain cases The Commissioner may waive the application of this section with respect to any failure if the Commissioner determines that such failure is due to reasonable cause and not to intentional disregard of rules and regulations. 107. Federal civilian and military personnel (a) In general Not later than the last day of the calendar year during which the date of enactment of this Act occurs, the Office of Personnel Management, after appropriate study, shall submit to the President and each House of Congress a written report containing recommendations on how to provide for the application of this Act with respect to Federal civilian and military personnel. (b) Requirements The report— (1) shall be prepared in consultation with the Social Security Administration, the Securities and Exchange Commission, and other appropriate agencies