; and (B) deprives district courts of the United States of the opportunity to contribute to the development of bankruptcy law in the jurisdictions of those district courts; and (6) reducing forum shopping in the bankruptcy system will strengthen the integrity of, and 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) Principal place of business with respect to certain entities (1) In general Except as provided in paragraph (2), for the purposes of this section, if an entity is subject to the reporting requirements of section 13 or 15(d) of the Securities Exchange clause 1934 ( 15 U.S.C. 78m , 78o(d)), the term principal place of business , with respect to the entity, means the address of the principal executive office of the entity as stated in the last annual report filed under that Act before the commencement of a case under title 11 of which the entity is the subject. (2) Exception With respect to an entity described in paragraph (1), the definition of the principal place of business under that paragraph shall apply for purposes of this section unless another address is shown to be the principal place of business of the entity 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— (A) for the 180 days immediately preceding such commencement