If both houses of Congress agree on a bill, it is sent to the President. The President can then can do one of three things:
1. sign and make it a law
2. veto it which means to send it back to Congress with his objection.
3. Just hold it. If he does this , it automatically becomes a law after 10 days unless Congress adjourns before the days are up. Otherwise, it dies as if it had been vetoed.
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If the president vetoes a bill, then Congress can override that vetoe, but the bill must go back to Congress to be approved with a majority vote.
Anyone can write, draft a bill. But only a member of congress can sponsor the bill. The bill must be sponsored by a member before it can go to the floor for debate.
It is dead, just as if he had used the traditional veto. There is one major difference. A bill that is pocket vetoed does not automatically go back to Congress for consideration of an override of the veto. Such a bill must be re-introduced as a new bill at the start of the next Congressional session. Then it gets treated as a new bill, meaning it canbe passed by simple majority, sent to the president for approval and vetoed (or not) in the usual fashion. Then it goes back to Congress for consideration of an override of the veto.
A bill will go to a conference committee when both the Senate and the House disagree on the contents of the bill. A conference committee will then be created to resolve the issue.
An action that Congress can take when the president vetoes a bill is that if it is vetoed it goes back from where the bill was once started and based on a 2/3 majority vote it will be passed if not it is discard and the subject wont come up till a few years later when it is introduced again.