; transition for existing committees (1) In general The amendment made by subsection (a) shall apply with respect to political committees which file statements of organization under section 303 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30103 ) on or after the date of the enactment of this Act. (2) Transition for existing committees (A) Notification by federal election commission Not later than 90 days after the date of the enactment of this Act, the Federal Election Commission shall provide each political committee under such Act with the written explanation of section 319 of such Act, as required under section 303(e)(1) of such Act (as added by subsection (a)). (B) Acknowledgment by committee Not later than 30 days after receiving the written explanation under subparagraph (A), each political committee under such Act shall transmit to the Federal Election Commission the signed certification, as required under section 303(e)(2) of such Act (as added by subsection (a)). 1203. Prohibition on contributions and donations by foreign nationals in connection with ballot initiatives and referenda (a) In general 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 State, or local election and inserting the following: State, or local election, including a State or local ballot initiative or referendum . (b) Effective date The amendment made by this section shall apply with respect to elections held in 2024 or any succeeding year. XIII Honest Ads 1301. Short title This title may be cited as the Honest Ads Act . 1302. Purpose The purpose of this title is to enhance the integrity of American democracy and national security by improving disclosure requirements for online political advertisements in order to uphold the Supreme Court’s well-established standard that the electorate bears the right to be fully informed. 1303. Sense of Congress It is the sense of Congress that— (1) the dramatic increase in digital political advertisements, and the