PUBLIC LAW 103-202—DEC. 17, 1993 107 STAT. 2353 ties broker or government securities dealer has become a member of a national securities exchange registered under section 6 of this title, or a securities association registered under section 15A of this title, unless the Commission has exempted such government securities broker or government securities dealer, by rule or order, from such membership.". (2) OTHER BROKERS AND DEALERS.— Section 15(b)(1)(B) of such Act (15 U.S.C. 78o(b)(l)(B)) is amended by inserting before "The Commission may extend" the following: "The order granting registration shall not be effective until such broker or dealer has become a member of a registered securities association, or until such broker or dealer has become a member of a national securities exchange if such broker or dealer effects transactions solely on that exchange, unless the Commission has exempted such broker or dealer, by rule or order, from such membership.". (c) INFORMATION SHARING.—Section 15C(d)(2) of such Act is 15 USC 78o-5. amended to read as follows: "(2) Information received by an appropriate regulatory agency, the Secretary, or the Commission from or with respect to any government securities broker, government securities dealer, any person associated with a government securities broker or government securities dealer, or any other person subject to this section or rules promulgated thereunder, may be made available by the Secretary or the recipient agency to the Commission, the Secretary, '^ the Department oi Justice, the Commodity Futures Trading Commission, any appropriate regulatory agency, any self-regulatory organization, or any Federal Reserve Bank.". SEC. 110. OFFERINGS OF CERTAIN GOVERNMENT SECURITIES. Section 15(c) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(c)) is amended by adding at the end the following new paragraph: "(7) In connection with any bid for or purchase of a government security related to an offering of government securities by or on behalf of an issuer, no government securities broker, government securities dealer, or bidder for or purchaser of securities in such ^ offering shall knowingly or willfully make any false or misleading written statement or omit any fact necessary to make any written statement made not misleading.". SEC. 111. RULE OF CONSTRUCTION. 15 USC 78o-5 (a) IN GENERAL. —No provision of, or amendment made by, this title may be construed— (1) to govern the initial issuance of any public debt obligation, or (2) to grant any authority to (or extend any authority ' of) the Securities and Exchange Commission, any appropriate regulatory agency, or a self-regulatory organization— (A) to prescribe any procedure, term, or condition of such initial issuance, (B) to promulgate any rule or regulation governing such initial issuance, or (C) to otherwise regulate in any manner such initial issuance. (b) EXCEPTION.— Subsection (a) of this section shall not apply to the amendment made by section 110 of this Act.