Augustus renounced his consulship

Augustus renounced his consulship in 23 BC, but retained his consular imperium, leading to a second compromise between Augustus and the Senate known as the Second Settlement. Augustus was granted the authority of a tribune (tribunicia potestas), though not the title, which allowed him to call together the Senate and people at will and lay business before it, veto the actions of either the Assembly or the Senate, preside over elections, and it gave him the right to speak first at any meeting.