The bill doesn't become law unless the president signs it.
When the president receives a bill from Congress he has two options 1) he may veto it; which is to essentially reject it or 2) he can sign it; it then becomes law. If a president ignores a bill that is passed by Congress for 10 days, it passes with or without his signature. There is an exception, the "pocket veto." If a president ignores a bill and Congress adjourns, the bill dies (as if he folded it up and stuck it in his pocket). http://en.wikipedia.org/wiki/Pocket_veto
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