501(c) and exempt from tax under section 501(a). (2) Coordination with revocation of tax exempt status by reason of making disqualified political committee contributions An organization which is not exempt from tax under section 501(a) solely by reason of section 501(s) shall be treated for purposes of paragraph (1) of this subsection as exempt from tax under section 501(a) with respect to the application of this section to the first 3 disqualified political committee contributions of such organization. . (b) Revocation of exempt status upon third disqualified political committee contribution Section 501 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (s) Revocation of exempt status of certain organizations that accept contributions from foreign nationals and make contributions to political committees Any organization described in subsection (c) which makes more than 2 disqualified political committee contributions (as defined in section 6720D(b)) shall not be exempt from taxation under subsection (a) for any taxable year ending on or after the date of the third such contribution. . (c) Effective date The amendments made by this subsection shall apply with respect to contributions made on or after January 1, 2025, by organizations described in section 501(c) of the Internal Revenue Code of 1986.