; (B) requirements for the contents of the statement required under paragraph (1); and (C) a definition of content generated by artificial intelligence that considers current and future uses of artificial intelligence and similar technologies that have a high risk for use in creating and spreading misinformation or disinformation about candidates, elections, and issues of national concern. . (b) Effective date The amendments made by this section shall apply with respect to any communication described in section 318(a) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30120(a) ) made on or after January 1, 2024, and shall take effect without regard to whether or not the Federal Election Commission has promulgated regulations to carry out such amendments. 5. Reports Not later than 2 years after the date of enactment of this Act, and biannually thereafter, the Federal Election Commission shall submit a report to Congress that includes— (1) an assessment of the compliance with and the enforcement of the requirements of section 318(e) of the Federal Election Campaign Act of 1971, as added by this Act; (2) recommendations for any modifications to such section to assist in carrying out its purposes; and (3) the identification of ways to bring further transparency and accountability to political advertisements.