The bill establishes the Iowa-Ireland trade commission, which will be supported administratively by the economic development authority. The commission will consist of eight members, including two state senators, two state representatives, and representatives from a private sector association and two Iowa private industries. Each member will serve a two-year term and can be reappointed, with provisions for filling vacancies. Members will not receive compensation but will be reimbursed for necessary expenses, and the bill appropriates funds from the general fund to cover these costs.

The commission is tasked with promoting bilateral trade and investment between Iowa and the Republic of Ireland, recommending joint policy actions, facilitating business and academic exchanges, and encouraging mutual economic support and infrastructure investment. The commission will meet at least quarterly and will maintain public records of its activities. Additionally, it is required to submit an annual report to the governor and the general assembly detailing its meetings, activities, and expenses.