The proposed bill establishes the Michigan International Trade Commission within the Department of Labor and Economic Opportunity, aimed at enhancing the state's global economic competitiveness. The commission will consist of various members representing key sectors, including agriculture, shipping, healthcare, automotive manufacturing, and financial services, as well as experts in international trade policy and organized labor. The governor is responsible for appointing the commission members, with specific term lengths for initial appointments, and provisions for filling vacancies. The commission will meet quarterly and is required to operate in compliance with the Open Meetings Act and the Freedom of Information Act.

The commission's primary responsibilities include providing independent analysis on international trade and competitiveness, informing the public about the competitiveness of Michigan businesses in global markets, and delivering quarterly reports to the legislature regarding the impact of tariffs on local industries. Additionally, the commission will make recommendations to the legislature and the governor on strategies to enhance the state's economic standing in international trade. Members of the commission will not receive compensation for their service but may be reimbursed for necessary expenses incurred while serving.