; and (C) the term sponsor means the person purchasing the advertisement. . (b) Effective date The amendment made by subsection (a) shall apply with respect to advertisements displayed on or after the 120-day period which begins on the date of the enactment of this Act and shall take effect without regard to whether or not the Federal Election Commission has promulgated regulations to carry out such amendments. C Spotlight Act 6201. Short title This subtitle may be cited as the Spotlight Act . 6202. Inclusion of contributor information on annual returns of certain organizations (a) Repeal of regulations The final regulations of the Department of the Treasury relating to guidance under section 6033 regarding the reporting requirements of exempt organizations (published at 85 Fed. Reg. 31959 (May 28, 2020)) shall have no force and effect. (b) Inclusion of contributor information (1) Social welfare organizations Section 6033(f)(1) of the Internal Revenue Code of 1986 is amended by inserting (5), after paragraphs . (2) Labor organizations and business leagues Section 6033 of such Code is amended by redesignating subsection (o) as subsection (p) and by inserting after subsection (n) the following new subsection: (o) Additional requirements for organizations described in subsections (c)(5) and (c)(6) of section 501 Every organization which is described in paragraph (5) or (6) of section 501(c) and which is subject to the requirements of subsection (a) shall include on the return required under subsection (a) the information referred to in subsection (b)(5). . (3) Effective date The amendments made by this subsection shall apply to returns required to be filed for taxable years ending after the date of the enactment of this Act. (c) Modification to discretionary exceptions Section 6033(a)(3)(B) of the Internal Revenue Code of 1986 is amended to read as follows: (B) Discretionary exceptions (i) In general Paragraph (1) shall not apply to any organization if the Secretary made a determination under this subparagraph