; or (iii) a security of the same issuer that is equal in seniority or that is a senior security to a security described in subparagraph (A) or (B); and (B) issued by a company engaged in interstate commerce. . (b) Securities Act of 1933 The Securities Act of 1933 is amended by inserting after section 28 ( 15 U.S.C. 77z–3 ) the following new section: 29. Federal jurisdiction over securities fraud (a) In general No law, rule, regulation, judgment, agreement, order, or other action of any State or political subdivision thereof, shall regulate securities fraud with respect to an issuer. (b) Actions brought exclusively in Federal court The district courts of the United States shall have original and exclusive jurisdiction over any civil action alleging securities fraud with respect to an issuer, and any such action brought in any State court shall be removable to the Federal district court for the district in which the action is pending. (c) Preservation of State authority Consistent with this section, the securities commission (or agency or office performing like functions) of any State shall retain jurisdiction under the laws of such State to investigate and bring— (1) civil enforcement actions with respect to fraud or deceit, or unlawful conduct in connection with securities or securities transactions other than in connection with a covered security or transactions of a covered security