“Every Bill Which Shall Have Passed the House of Representatives

question 22

Multiple Choice

“Every bill which shall have passed the House of Representatives and the Senate, shall, before it become a law, be presented to the President of the United States; if he approve he shall sign it, but if not he shall return it, with his objections to that House in which it shall have originated, who shall… proceed to reconsider it. If after such reconsideration two thirds of that House shall agree to pass the bill, it shall be sent, together with the objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a law…. If any bill shall not be returned by the President within ten days (Sundays excepted) after it shall have been presented to him, the same shall be a law, in like manner as if he had signed it…”
--Article I, Section 7, U.S. Constitution, 1787
-Which of the following statements accurately describes the relationship between Congress and the President?

• A)The President has historically been able to direct Congress to pass certain laws.
• B)The President has the final word on which bills Congress considers.-Consider This: The President has the power to veto laws,but he or she is not responsible for which bills Congress debates and considers.
• C)If something is important to the President it is always also important to Congress.
• D)Presidents are most successful as facilitators,rather than directors,in lawmaking.

---

Definitions:

Protection Payment

A fee paid to receive protection from a financial loss in certain transactions, often associated with derivatives or insurance products.

Straight-Debt Value

This refers to the value of a company's bonds or debt if no conversion option exists, viewed as traditional fixed-income securities.

Convertible Bonds

Bonds that can be converted into a predetermined amount of the issuing company's shares, usually at the discretion of the bondholder.

Par Value

The face value or nominal value of a stock or bond, set by the issuing company.