312 
the Office of National Insurance or as the receiver 
of a national insurer.’’. 
SEC. 1705. FEDERAL COURT VENUE. 
Chapter 87 of part IV of title 28, United States Code, 
is amended by adding at the end the following: 
‘‘SEC. 1414. NATIONAL INSURER OR NATIONAL AGENCY AC-
TION AGAINST COMMISSIONER OF NATIONAL 
INSURANCE. 
‘‘Any civil action by a national insurer or a national 
agency to enjoin the Commissioner of National Insurance, 
under the provisions of any Act of Congress relating to 
such insurers or agencies, may be prosecuted in the judi-
cial district where such insurer or agency is located.’’. 
SEC. 1706. JUDICIAL REVIEW. 
Except as otherwise expressly provided in this Act, 
any party aggrieved by an order of the Commissioner 
under this Act may obtain a review of such order in the 
United States Court of Appeals within any circuit wherein 
such party has its main office, or in the Court of Appeals 
for the District of Columbia, by filing in the court, within 
30 days after the entry of the Commissioner’s order, a 
petition praying that the order of the Commissioner be 
set aside, modified, or terminated. A copy of such petition 
shall be forthwith transmitted to the Commissioner by the 
clerk of the court, and thereupon the Commissioner shall 
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313 
file in the court the record made before the Commissioner, 
as provided in section 2112 of title 28, United States 
Code. Upon the filing of such petition, the court shall have 
jurisdiction to affirm, set aside, modify, or terminate the 
order of the Commissioner and to require the Commis-
sioner to take such action with regard to the matter under 
review as the court determines proper. Review of an order 
under this section shall be had as provided in chapter 7 
of part I of title 5, United States Code. The judgment 
and decree of the court shall be final, except that the same 
shall be subject to review by the Supreme Court upon cer-
tiorari, as provided in section 1254 of title 28, United 
States Code. 
SEC. 1707. AMENDMENT TO THE FREEDOM OF INFORMA-
TION ACT. 
Section 552(b)(8) of title 5, United States Code, is 
amended by inserting ‘‘(including national insurers, na-
tional agencies, and federally licensed insurance pro-
ducers)’’ after ‘‘financial institutions’’. 
SEC. 1708. AMENDMENTS TO THE FEDERAL SECURITIES 
LAWS. 
(a) SECURITIES ACT OF 1933.—The Securities Act 
of 1933 (15 U.S.C. 77a et seq.) is amended— 
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(1) in section 2(a)(13), by inserting ‘‘the Com-
missioner of National Insurance or’’ after ‘‘subject 
to supervision by’’; 
(2) in section 2(a)(14), by inserting ‘‘the 
United States or’’ after ‘‘the laws of’’; 
(3) in section 3(a)(8), by inserting ‘‘the Com-
missioner of National Insurance or’’ after ‘‘subject 
to the supervision of’’; and 
(4) in section 4(5)(A)(ii), by inserting ‘‘the 
Commissioner of National Insurance or’’ after ‘‘sub-
ject to the supervision of’’. 
(b) SECURITIES EXCHANGE ACT OF 1934.—The Se-
curities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
is amended— 
(1) in section 10A(i)(1)(A) (15 U.S.C. 78j– 
l(i)(1)(A)), by inserting ‘‘or Federal’’ after ‘‘pur-
poses of State’’; 
(2) 
in 
section 
15(b)(4)(H) 
(15 
U.S.C. 
78o(b)(4)(H))— 
(A) by striking ‘‘or the National’’ and in-
serting ‘‘the National’’; and 
(B) by inserting, ‘‘or the Commissioner of 
National Insurance’’ after ‘‘Union Administra-
tion’’. 
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315 
(3) in section 17(i)(3)(C)(iii), by inserting ‘‘or 
by the Commissioner of National Insurance’’ after 
‘‘appropriate State insurance regulator’’; and 
(4) in section 17(i)(4)— 
(A) in subparagraph (A), by striking 
‘‘and’’ after the semicolon; 
(B) in subparagraph (B), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(D) the Commissioner of National Insur-
ance with regard to all interpretations of, and 
the enforcement of, the National Insurance Act 
of 2007 relating to the activities, conduct, and 
operations of national insurers, national agen-
cies, and federally licensed insurance pro-
ducers.’’. 
(c) AMENDMENTS TO INVESTMENT COMPANY ACT OF 
1940.—The Investment Company Act of 1940 (15 U.S.C. 
80a–1 et seq.) is amended— 
(1) in section 2(a)(17), by inserting ‘‘the Com-
missioner of National Insurance or’’ after ‘‘subject 
to supervision by’’; 
(2) in section 2(a)(37), by inserting ‘‘the 
United States or’’ after ‘‘the laws of’’; 
(3) in section 12(g)— 
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316 
(A) by inserting ‘‘the Commissioner of Na-
tional Insurance or’’ after ‘‘affect or derogate 
from the powers of’’; and 
(B) by inserting ‘‘Federal or’’ after ‘‘affect 
the right under’’; 
(4) in section 26(f)(2)(B)(ii), by inserting ‘‘or, 
in the case of a national insurer chartered under the 
National Insurance Act of 2007, files with the Com-
missioner of National Insurance,’’ after ‘‘files with 
the insurance regulatory authority of the State 
which is the domiciliary State of the insurance com-
pany,’’; and 
(5) in section 26(f)(2)(B)(iii), by inserting ‘‘or, 
in the case of a national insurer chartered under the 
National Insurance Act of 2007, the Commissioner 
of National Insurance’’ after ‘‘insurance authority of 
such State’’. 
(d) INVESTMENT ADVISERS ACT OF 1940.—Section 
203(e)(9) of the Investment Advisers Act of 1940 (15 
U.S.C. 80b–3(e)(9)) is amended— 
(1) by striking ‘‘or the National’’ and inserting 
‘‘the National’’; and 
(2) by inserting ‘‘, or the Commissioner of Na-
tional Insurance’’ after ‘‘Union Administration’’. 
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