WASHINGTON -- Standing on the shoulders of a prior generation, President Obama on Tuesday signed legislation forming the Ronald Reagan Centennial Commission. 

The law, which passed Congress in overwhelming numbers, creates an 11-person panel that will plan and carry out activities to mark the 100th anniversary, in 2011, of the late president's birth.

That may include issuing a postage stamp, a commemorative $1 coin or convening a joint session of Congress.

In saying he was glad to be joined by former first lady Nancy Reagan for the bill signing, Obama reflected on the similarities between the former president's administration and hopes for his own. 

"President Reagan understood that while there are often strong disagreements between parties and adversaries. .. it is important to keep in mind all that we share. For all of the deepest divides that exist in America the bonds that bring us together are that much stronger," Obama said.

"We may see the world differently but we must never stop seeing one another as fellow Americans and as patriots who want what is best for the country we love," he added.

Reagan was born on June 6, 1911. He died in 2004.

The Associated Press contributed to this report.