The bill establishes the Michigan-Ireland Trade Commission within the Michigan Economic Development Corporation, outlining its composition, powers, and duties. The commission will consist of members appointed by the governor, including representatives from public higher education, the chamber of commerce, and individuals with ties to Irish-American communities or interests in trade relations with Ireland. The commission is tasked with promoting bilateral trade and investment, initiating joint policy actions, and encouraging business and academic exchanges between Michigan and Ireland. It is required to report its findings and recommendations annually to the governor and legislature.

Additionally, the bill creates the Michigan-Ireland Trade Commission Fund, which will receive funds, gifts, grants, and bequests to support the commission's activities. The state treasurer will manage this fund, ensuring that it is used to minimize administrative expenses and fulfill the commission's objectives. The commission is also authorized to raise funds through various means and must maintain transparency by reporting details of any received gifts or grants on its website. The commission's members will not receive compensation for their service but may be reimbursed for necessary expenses incurred while serving.