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 from Irish-American communities, among others. The commission is tasked with advancing bilateral trade and investment between Michigan and Ireland, promoting business and academic exchanges, and addressing mutual policy issues. It is required to report its findings and recommendations to the governor and legislature annually by February 1.

Additionally, the bill creates the Michigan-Ireland Trade Commission Fund, which will be financed through gifts, grants, and bequests to support the commission's activities. The state treasurer will manage this fund, ensuring that it does not lapse at the end of the fiscal year and is used solely for the commission's administrative expenses and purposes. The commission is also authorized to raise funds through various means to minimize administrative costs and fulfill its objectives.