The bill establishes the Iowa-Ireland Trade Commission, which is tasked with promoting and enhancing trade relations between Iowa and the Republic of Ireland. The commission will consist of various members, including two state senators and two state representatives appointed by legislative leaders, as well as representatives from private sector associations and industries. Each member will serve a two-year term and will not receive compensation for their services. The commission is required to meet at least quarterly and will operate under public meeting laws, ensuring transparency in its activities.

The commission's responsibilities include advancing bilateral trade and investment, recommending joint policy actions, promoting business and academic exchanges, and encouraging mutual economic support and infrastructure investment between Iowa and Ireland. Additionally, the commission must submit an annual report to the governor and the general assembly detailing its activities and expenses. This initiative aims to strengthen economic ties and foster collaboration between Iowa and Ireland.