; and (B) be made available to the public through the EDGAR system as soon as practicable. (f) Safe harbor for certain divestment decisions Notwithstanding any other provision of Federal or State law, if an institutional investment manager makes the disclosures required under subsection (e), no person may bring any civil, criminal, or administrative action against the institutional investment manager, or any employee, officer, or director of the institutional investment manager, based solely upon a decision of the investment manager to divest from, or not to invest in, securities of an issuer due to an expenditure for political activities made by the issuer. . (b) Technical and conforming amendment Section 3(a)(8) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(8) ) is amended by striking The term and inserting Except as otherwise expressly provided, the term . 4. Required board vote on corporate expenditures for political activities The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq.) is amended by adding after section 16 ( 15 U.S.C. 78p ) the following: 16A. Required board vote on corporate expenditures for political activities (a) Definitions In this section— (1) the term election has the meaning given the term in section 301 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30101 )