In: Economics
There are potentially 10 steps a bill can go through before becoming a law.
1.A bill is born: Anyone may draft a bill; only members of Congress can introduce legislation and by doing so,become the sponsors.The president, a member of the cabinet or the head of a federal agency can also propose legislation, although a member of Congress must introduce it.
2.Committee Action: As soon as a bill is introduced, it is referred to a committee.
3.Subcommittee Review: Often, bills are referred to a subcommittee for study and hearings.
4.Mark up: When the hearing are completed, the subcommittee may meet to "Mark up" the bill.
5.Committee Action to Report a Bill: After receiving a subcommittee's report on a bill the full committee votes on its recommendation to the Housw or Senate.This procedure is called "ordering a bill reported".
6.Voting: After the debate and the approval of any amendments, the bill is passed or defeated by the members voting.
7.Referral to Other Chamber: When the house or Senate passes a bill,it is referred to the other chamber. This chamber may approved the bill as received,reject it, ignore it,or change it.
8.Conference Committee Action: When the action of the other chamber significantly after the bill, a conference committee is formed to reconcile the differences brtween the House and Senate versions. Both the House and Senate must approve the conference report.
9.Final Action: After both the House and Senate have approved a bill in identical form, it is sent to the president. If the president approves of the legislation, he signs it and it becomes law.
10.Overriding a Veto: If the President vetoes a bill, Congress may attempt to "override the veto." If both the Senate and the House pass the bill by a two-third majority, the president's veto is overruled and the bill becomes a law.