26 U.S.C. § 6720C - U.S. Code - Unannotated Title 26. Internal Revenue Code § 6720C. Penalty for failure to notify health plan of cessation of eligibility for continuation coverage premium assistance

(a)In general.--Except in the case of a failure described in subsection (b) or (c), any person required to notify a group health plan under section 9501(a)(2)(B) of the American Rescue Plan Act of 2021 who fails to make such a notification at such time and in such manner as the Secretary of Labor may require shall pay a penalty of $250 for each such failure.

(b)Intentional failure.--In the case of any such failure that is fraudulent, such person shall pay a penalty equal to the greater of--

(c)Reasonable cause exception.--No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause and not to willful neglect.