My understanding is that the President has authority to sign it and that it will act as law until the Senate approves it. This was done as I understand it to allow the President to act more rapidly in situations where the Senate was not in session.
So if the Pres signs it and the Senate does nothing on it, it will have power until such time as they do. Like others have said, the Senate could just let it lie until there is a more favorable Senate, and then pass it and even with a different president at that time, we would be screwed.
So if the Pres signs it and the Senate does nothing on it, it will have power until such time as they do. Like others have said, the Senate could just let it lie until there is a more favorable Senate, and then pass it and even with a different president at that time, we would be screwed.