House Bill No. 5008 establishes the Connecticut-Puerto Rico Trade Commission, a 23-member body within the Legislative Department, aimed at enhancing trade and investment relations between Connecticut and Puerto Rico. The commission will consist of members appointed by various legislative leaders, including the Speaker of the House, the President Pro Tempore of the Senate, and the Governor, among others. Members are required to have experience in organizations that promote Puerto Rican affairs or trade relations. The commission's powers include advancing bilateral trade, initiating joint policy actions, promoting business and academic exchanges, and addressing relevant issues. It will also have the authority to obtain assistance from state agencies and accept donations to support its activities.

The bill mandates that the commission meet as necessary and submit an annual report to the Governor and relevant legislative committees starting February 1, 2027, detailing its activities and recommendations for policy changes. Members will serve four-year terms, with specific initial appointments terminating on September 30, 2028, or September 30, 2029, depending on the appointing authority. While members will not receive compensation, they may be reimbursed for necessary expenses. The commission is required to hold its first meeting by November 1, 2025, and the leadership will be determined by the House speaker and Senate president pro tempore. The bill introduces new legal language to establish the commission and its framework, with no existing legal language being deleted.