But Presi-dent Farooq Leghari refused to sign the bill into law, precipitating a bitter feud.
The President can sign the bill into law, veto the bill or do nothing.
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The President will sign the bill into law when it reaches his desk later in the week.
French President Francois Hollande is expected to sign the bill into law after it was passed by parliament.
As such, the vote is seen as a personal victory for Mr Bush, who is expected to sign the bill into law on Friday.
Mike Rounds, South Dakota's republican governor , who supported the bill from early on is scheduled to sign the bill into law on March 29th.
Governor Jan Brewer is expected to sign the bill into law, however, the Governor could still decide to veto the legislation should she conclude that following the United States Constitution still matters in Arizona.
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Opponents of the bill have also appealed to President Azeglio Ciampi to refuse to sign the bill into law - but correspondents say it is very unlikely he will risk causing a constitutional crisis.
The White House says President Obama will probably sign the Congress bill into law later this week.
And I promise to use every tool at my disposal to see these reforms enacted: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people.
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What all this means, though, is that by January 20th at the latest, Mr Obama could be in a position to sign a version of the bail-out bill into law.
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Mr Bush has urged the House and Senate to sort out their differences and to finalise a bill which he could sign into law by the summer recess next month.
Today President Bush will, with much fanfare, sign the long-awaited "comprehensive" energy bill into law.
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Mr Obama has promised to sign into law a bill that the House recently passed (and the Senate is expected to approve as early as this week), defining violence against people because of their sexuality as a hate crime, worthy of harsher punishment.
President Carlo Azeglio Ciampi, the head of state, refused to sign the bill, which had passed both houses of parliament, into law.
And I'm pleased to say that when it comes to the defense bill I'm about to sign into law, we've taken some important steps towards that goal.
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Again, I commend Congress for giving families and businesses the help they deserve, and I will sign this bill into law as soon as it hits my desk.
The Senate is expected to vote on the bill soon, and Barack Obama has promised to sign it into law.
MS. PSAKI: And in his remarks this morning, you may have seen excerpts -- if you have not, you will get them shortly -- where the President will call on Congress -- he will reiterate the importance of Congress passing a farm bill that he can sign into law.
And I urge Congress to take us over the finish line, and send me a reform bill I can sign into law, so we can empower our people with consumer protections, and help prevent a financial crisis like this from ever happening again.
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And the House should pass this bill as soon as possible so I can sign it into law.
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Because the new bill does not include those provisions, President Bush is expected to sign it into law.
Having passed reform bills in both the House and the Senate, we now have to take up the last and most important step and reach an agreement on a final reform bill that I can sign into law.
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Now five years into the Massachusetts plan, Governor Deval Patrick is about to sign into law a far-reaching cost containment bill that will create an 11-member Health Policy Commission very similar to IPAB except that it will astonishing power to control the practice and organization of medicine.
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