; (2) in paragraph (2)(B), by striking , or, in the case of contributions made to any of the accounts described in paragraph (9), exceed 300 percent of the amount otherwise applicable under this subparagraph with respect to such calendar year ; and (3) by striking paragraph (9). (b) Conforming amendment Section 315(d) of such Act ( 52 U.S.C. 30116(d) ) is amended by striking paragraph (5). (c) Effective date The amendments made by this section shall apply to contributions made after the date of the enactment of this Act. (d) Return of previously contributed amounts Not later than 90 days after the date of the enactment of this Act, each political committee established and maintained by a political party shall distribute all amounts in accounts described in section 315(a)(9) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30116(a)(9) ) to individuals who made contributions to such accounts. The amount distributed to any contributor from any account shall bear the same ratio to the amount of contributions made by such contributor to such account as the balance of such account on the date of the enactment of this Act bears to the total amount of contributions made to such account. IV Effective Date 4001. Effective date (a) In general Except as otherwise provided, this Act and the amendments made by this Act shall apply with respect to the Presidential election held in 2024 and each succeeding Presidential election, without regard to whether or not the Federal Election Commission has promulgated the final regulations necessary to carry out this Act and the amendments made by this Act by the deadline set forth in subsection (b). (b) Deadline for regulations Not later than June 30, 2022, the Federal Election Commission shall promulgate such regulations as may be necessary to carry out this Act and the amendments made by this Act.