Penalty for noncompliance

(a) In general Section 13106(a)(2)(B)(ii) of title 5, United States Code, is amended by striking fined under title 18 and inserting fined $1,000 in each case in which the individual fails to file a transaction report required under this Act. (b) Rules, regulations, guidance, and documents Not later than 1 year after the date of enactment of this Act, each supervising ethics office (as defined in section 13101 of title 5, United States Code) (including the Administrative Office of the United States Courts, as applicable) shall amend the rules, regulations, guidance, documents, papers, and other records of the supervising ethics office in accordance with the amendment made by this section.