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Statutory law refers to written laws that are enacted by legislative bodies at both the federal and state levels. This means that it is the formal codification of legal rules and regulations established through legislative processes, often reflecting the will and needs of the society at the time they are created. Legislative bodies, such as Congress at the national level or state legislatures at the state level, draft, propose, debate, and vote on these laws, which then become effective upon approval and often after being signed by the appropriate executive authority.

Other options do not accurately capture the essence of statutory law. For instance, the involvement of the President is limited to federal laws; however, statutory law encompasses legislation from various sources, not just the executive branch. Additionally, while judicial courts do make rulings that interpret laws, these rulings themselves are part of case law or common law rather than statutory law. Lastly, the idea that statutory laws are not subject to judicial review is incorrect; all laws, including statutory ones, can be examined by courts to ensure their constitutionality and proper application.