; and (4) reducing forum shopping and manipulation in the bankruptcy system will strengthen the integrity, build public confidence, and ensure fairness in the bankruptcy system. (b) Purpose The purpose of this Act is to prevent the practice of forum shopping in cases filed under chapter 11 of title 11, United States Code. 3. Venue of cases under title 11 Title 28, United States Code, is amended— (1) by striking section 1408 and inserting the following: 1408. Venue of cases under title 11 (a) Definition In this section, the term principal place of business means, with respect to a person or entity that is subject to the reporting requirements of section 13 or 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m , 78o(d)), the address of the principal executive office of the person or entity as stated in the last annual report filed under that Act prior to the commencement of a case under title 11 by the person or entity, unless another address is shown to be the principal place of business by clear and convincing evidence. (b) Venue Except as provided in section 1410, a case under title 11 may be commenced only in the district court for the district— (1) in which the domicile, residence, or principal assets in the United States of an individual who is the subject of the case have been located for the 180 days immediately preceding such commencement, or for a longer portion of the 180-day period than the domicile, residence, or principal assets in the United States of the individual were located in any other district; (2) in which the principal assets or principal place of business in the United States of a person or entity, other than an individual, that is the subject of the case have been located for the 180 days immediately preceding the commencement, or for a longer portion of the 180-day period than the principal place of business or principal assets in the United States of the person or entity were located in any other district