; and (2) a criminal enforcement action with respect to fraud, deceit, or unlawful conduct in connection with a covered security or transactions of a covered security if that enforcement action complies in all respects with the legal requirements for securities fraud under Federal law. (e) Effect This section shall be effective notwithstanding any other provision of law and shall supersede any previously enacted conflicting provision. . (b) Securities Act of 1933 The Securities Act of 1933 ( 15 U.S.C. 77a et seq.) is amended by inserting after section 28 ( 15 U.S.C. 77z–3 ) the following: 29. 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)