or is required to be reported by such person under this section, and is not otherwise available to such person. (g) Public availability of returns Annual returns filed under this section shall be made available by the Secretary to the public as soon as practicable in a machine readable format. . (b) Penalty for failure To file complete and correct return Part II of subchapter B of chapter 68 of such Code is amended by adding at the end the following new section: 6726. Failure to file correct information return with respect to specified medical care providers (a) In general In the case of any person’s failure to file a complete and correct return under section 6039K with respect to any specified medical care provider (as defined in such section) at the time and in the manner prescribed therefor, such person shall pay a penalty of $5,000 for each such return for each day during which such failure continues. (b) Maximum penalty per return The maximum penalty under this section on failures with respect to any 1 return shall not exceed $1,000,000. (c) Deficiency procedures not To apply Subchapter B of chapter 63 (relating to deficiency procedures for income, estate, gift, and certain excise taxes) shall not apply with respect to the assessment or collection of any penalty imposed by this section. . (c) Clerical amendments (1) The table of sections for subpart A of part III of subchapter A of chapter 61 of such Code is amended by inserting after the item relating to section 6039J the following new item: Sec. 6039K. Returns by certain investors with respect to certain specified medical care providers. . (2) The table of sections for part II of subchapter B of chapter 68 of such Code is amended by adding at the end the following new item: Sec. 6726. Failure to file correct information return with respect to specified medical care providers. . (d) Effective date The amendments made by this subsection shall apply to returns with respect to taxable years of specified medical care providers beginning after the date of the