A bill to provide for a reduction in general diversity of citizenship jurisdiction.

Increases the minimum amount which must be in controversy to qualify for Federal court jurisdiction on the basis of diversity of citizenship.

Prohibits any person from invoking diversity jurisdiction in any State of which he is a citizen. Prohibits a business entity which has maintained a business establishment for more than two years in a State from invoking diversity jurisdiction in such State in any action arising from the establishment's activities. Prohibits an individual from invoking diversity jurisdiction in any State in which he has had his present business or place of employment for more than two years.

Sets forth removal, venue, and joinder guidelines based upon diversity jurisdiction as modified by this Act.