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===Legislative powers=== Article 2 of the constitution states that the president and the Parliament jointly exercise the legislative power. The president signs bills passed by the Parliament into law and can choose not to sign them, thus in effect [[veto]]ing them. Bills vetoed by the president still take effect, should the Parliament not withdraw them, but they must be confirmed in a referendum. [[Ólafur Ragnar Grímsson]] (who served 1996–2016) is the only president to have vetoed legislation from Parliament, having done so only on three occasions (2004, 2010, 2011). This power was originally intended to be used only in extremely extenuating circumstances.<ref>{{Cite book|title=Fyrstu forsetarnir|last=Jóhannesson|first=Guðni Th.|year=2016|pages=57}}</ref> The president has the power to submit bills and resolutions to the Parliament which it must take under consideration. Should the Parliament not be in session, the president can issue provisional laws which must conform with the constitution. Provisional laws become void if the Parliament does not confirm them when it convenes. No president has ever submitted bills nor resolutions, nor issued provisional laws. Article 30 of the constitution states that the president can grant exceptions from laws. No president has yet exercised this authority. ====Parliament==== The president convenes the Parliament after general elections and formally dissolves it. They can temporarily adjourn its sessions and move them if they deems so necessary. Furthermore, the president opens all regular sessions of the Parliament each year.
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