; 109 Stat. 737), which was designed to curb abusive Federal class actions, and the National Securities Markets Improvement Act of 1996 ( Public Law 104–290 ; 110 Stat. 3416) to ensure that States could not impose their own views of what should or should not be included in registration statements filed in connection with nationally traded securities. (9) It is in the public interest to establish preemption of Federal regulators and courts over civil securities fraud, eliminating concurrent Federal and State jurisdiction over the specific companies covered by this Act. 3. Federal jurisdiction over securities fraud (a) Securities Exchange Act of 1934 The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq.) is amended by inserting after section 21F ( 15 U.S.C. 78u–6 ) the following: 21G. Federal jurisdiction over securities fraud (a) Definitions In this section: (1) Covered security The term covered security means a security that is— (A) (i) listed, or authorized for listing, on the New York Stock Exchange or the National Market System of the Nasdaq Stock Market (or any successor to either such entity); (ii) listed, or authorized for listing, on a national securities exchange (or a tier or segment of a national securities exchange) that has listing standards that the Commission determines by rule (upon its own initiative or upon the basis of a petition) are substantially similar to the listing standards applicable to a security described in clause (i); or (iii) a security of the same issuer that is equal in seniority, or that is a senior security, to a security described in clause (i) or (ii)