A bill to abolish diversity of citizenship as a basis of jurisdiction of Federal district courts, to abolish the amount in controversy requirement in Federal question cases.

Abolishes: (1) diversity of citizenship as a basis of jurisdiction of Federal district courts in suits involving U.S. persons; and (2) the amount in controversy requirement in Federal question cases. Imposes a $25,000 jurisdictional amount in cases based on diversity of nationality, and retains a $10,000 limit in certain consumer product safety actions. Permits venue for a Federal civil action in any judicial district in which a substantial part of the events or omissions giving rise to the claim occurred, or a substantial part of property that is the subject of the action is situated.