) is amended by adding at the end the following new subsection: (d) Prohibiting disbursements by corporations failing To assess shareholder preferences (1) Prohibition It shall be unlawful for a corporation to make a disbursement for a political purpose unless the corporation has in place procedures to assess the preferences of its shareholders with respect to making such disbursements, as provided in section 10E of the Securities Exchange Act of 1934. (2) Definition In this section, the term disbursement for a political purpose has the meaning given such term in section 10E(c) of the Securities Exchange Act of 1934. . (c) Effective date The amendments made by this section shall apply with respect to disbursements made on or after December 31, 2019.