; (3) may establish procedures and promulgate forms; (4) may render advisory opinions interpreting titles I or II in the same manner as authorized by section 106(b)(7); (5) may impose and collect fees as provided in sections 104 and 203; (6) shall notify any individual within its jurisdiction of the changes to disclosure requirements, including revisions to the forms and electronic filing system and any regulations issued by the supervising ethics office; and (7) shall provide a written notice about the changes to titles I and II to any individual within its jurisdiction within 15 days of any such change. . (2) Timing For purposes of section 111(b)(1) of the Ethics in Government Act of 1978, as added by paragraph (1), the supervising ethics office shall develop the first iteration of the form required under such section within 90 days of the date of enactment of the PORTFOLIO Act . (h) Effective date The amendments made by this section shall apply to any report due beginning 120 days after the date of the enactment of this Act, except that the amendments made by subsection (f) shall apply to any report due beginning 60 days after the date of the enactment of this Act. 4. New and strengthened penalties for noncompliance (a) Penalties for failure To timely file reports; publication of fees assessed Section 104(d) of the Ethics in Government Act of 1978 ( 5 U.S.C. App. 104(d) ) is amended— (1) in the matter following paragraph (1)(B), by striking $200 and inserting $500 ; (2) by redesignating paragraph (2) as paragraph (5); (3) by inserting after paragraph (1) the following: (2) For each subsequent 30-day period during which the individual has not filed a report required to be filed under this title, the individual shall be assessed an additional filing fee equal to— (A) $500