The President of the Republic (''köztársasági elnök'') serves as the head of state and is elected by the National Assembly every five years. The president is invested primarily with representative responsibilities and powers: receiving foreign heads of state, formally nominating the Prime Minister at the recommendation of the National Assembly, and serving as Commander-in-chief of the armed forces. Importantly, the president is also invested with veto power and may send legislation to the 15-member Constitutional Court for review. The third most significant governmental position in Hungary is the Speaker of the National Assembly, who is elected by the National Assembly and responsible for overseeing the daily sessions of the body.