NSAV Holding Inc (NSAV)

[Dolly Llama]

The H.J.Res. 109 bill passed Congress on May 16th, sending it to the President's desk for his signature. If the President doesn't sign it within ten days, and Congress is still in session, the law automatically goes into effect. If, however Congress is no longer in session, then the "pocket veto" goes into effect, and the bill is vetoed. Since Congress is still in session, if the President takes no action on the bill it will automatically go into effect on May 26th. So unless he specifically vetoes it, the bill will go into effect either if he signs it or if he takes no action. While the bill was still being considered by Congress he said he intended to veto it. However since it passed he is under pressure to sign it. It remains to be seen what he will do.