; and (B) the number and nature of questions that the plan sponsor received from participants and beneficiaries about the offer. (2) Civil penalties The Secretary may assess a civil penalty of up to $1,000 a day from the date of any plan administrator's failure or refusal to file a report required under paragraph (1). (e) Public availability The Secretary shall make the information provided in the notice to the Secretary required under subsection (a)(2) and in the post-offer reports submitted under subsection (d)(1) publicly available. (f) Guidance and regulations The Secretary— (1) not later than 180 days after the date of enactment of the Information Needed for Financial Options Risk Mitigation , shall issue guidance and model notices for plan sponsors to use in providing the notice described in subsection (b); and (2) may promulgate such other regulations as may be necessary to carry out this section. (g) Biannual report Not later than 6 months after the date of enactment of the Information Needed for Financial Options Risk Mitigation and every 6 months thereafter, the Secretary shall submit to Congress a report that summarizes the notices and post-offer reports received by the Secretary under subsections (c) and (d) during the applicable reporting period. . (b) Clerical amendment The table of contents in section 1 of the Employee Retirement Income Security Act of 1974 is amended by inserting after the item relating to section 111 the following new item: Sec. 112. Notice and disclosure requirements with respect to certain lump sum options. (c) Enforcement Section 502 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1132 ) is amended— (1) in subsection (c)(1), by striking or section 105(a) and inserting , section 105(a), or section 112(a) ; and (2) in subsection (a)(4), by striking 105(c) and inserting section 105(c) or 112(a) . (d) Effective date The amendments made by subsections (a), (b), and (c) shall take effect on the date of enactment of this Act.