The power of the President to refuse to approve a bill or joint resolution and thus prevent its enactment into law is the veto. The President has ten days (excluding Sundays) to sign a bill passed by Congress. A regular veto occurs when the President returns the legislation to the house in which it originated, usually with a message explaining the rationale for the veto. This veto can be overridden only by a two-thirds vote in both the Senate and the House. If this occurs, the bill becomes law over the President’s objections. A pocket veto occurs when Congress adjourns during the ten-day period. The President cannot return the bill to Congress. The President’s decision not to sign the legislation is a pocket veto and Congress does not have the opportunity to override.
pocket veto – The Constitution grants the president 10 days to review a measure passed by the Congress. If the president has not signed the bill after 10 days, it becomes law without his signature. However, if Congress adjourns during the 10-day period, the bill does not become law.
So, we are waiting until the 24th of December. If President Obama has not signed the bill by then, or has not vetoed it, it will go into effect.
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