@Waran I’m not sure if it’s that specific line, but that is the code we were using in Google Tag Manager, and the script stopped reporting conversions to Google Analytics and Ads for us about the 12th November 2022, (which tanked our ad performance for any campaigns targetting conversions).
For Marketing Hub Pro users, there’s this option now in Beta: Create and sync ad conversion events with your Google Ads account (But we’ve not quite been able to get this working for us yet, maybe because of using a Google Ads manager account).
In the meantime we’re currently using this, (but also only for Marketing Hub Pro or Enteprise users): Create and sync ad conversion events with your Google Ads account