A bill to grant diversity jurisdiction to the District Court of Guam, and to grant such jurisdiction to such Court regardless of the sum or value of the matter in controversy.

Grants diversity jurisdiction to the District Court of Guam, regardless of the sum or value of the matter in controversy.

Declares that for purposes of this Act a corporation shall be deemed to be a citizen of the States by which it has been incorporated and the State where its principal place of business is located except that in any direct action against an insurer of a policy or contract of liability insurance, if the insured is not joined to such action as a party-defendant, such an insurer also shall be deemed a citizen of the State of which the insured is a citizen.

Includes Guam, the other U.S. territories, the Commonwealth of Puerto Rico, and the District of Columbia within the definition of the term "States" for purposes of this Act.