What Happens Once the Full House and Senate Have Each

question 90

Multiple Choice

What happens once the full House and Senate have each passed a version of a bill?

• A) If the House and Senate versions are substantially similar, the Senate version goes to the president for his signature or veto.
• B) The two versions of the bill go back to the applicable subcommittees in both the House and Senate to reconcile the differences and create a single version for signature or veto by the president.
• C) The House and Senate versions are both sent to the president for signature or veto of the version he finds best suited to meeting the needs of the country.
• D) Both the House and Senate versions are sent to a Senate-House Conference Committee for reconciliation and then a single version is returned to the full House and Senate for a vote.

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Definitions:

Par Value

The face value of a bond or stock, as stated by its issuer, which is the nominal value and does not necessarily reflect its market value.

Conversion Value

The value of a convertible security if it is converted into a specified number of shares of the issuing company.

Common Stock

Equity ownership in a corporation, with voting rights and the potential for dividends and capital appreciation.