; or (2) the amount of contributions provided to the organization by all foreign nationals described in section 319(b) was equal to or greater than 20 percent of the gross receipts of the organization, as determined on the basis of the most recent taxable year for which information on the gross receipts of the organization is available or, in the case of an organization which is required to file quarterly reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), the most recent such report. (d) Other definitions In this section— (1) the term electioneering communication has the meaning given such term in section 304(f)(3); (2) the term section 501(c)(4) organization means an organization described in section 501(c)(4) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code; and (3) term super PAC means a political committee which accepts donations or contributions that do not comply with the limitations and prohibitions of this Act (or has an account which is established for the purpose of accepting such donations or contributions) and which makes only independent expenditures (or has an account which is established for the purpose of making only independent expenditures). . 103. Activities subject to ban (a) Contributions and donations in connection with ballot initiatives and referenda Section 319(a)(1)(A) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30121(a)(1)(A) ) is amended by striking election; and inserting the following: election, including a State or local ballot initiative or referendum