The proposed bill establishes the Nebraska-Ireland Commission, which aims to enhance business and cultural relationships between Nebraska and Ireland. The commission will consist of various members, including directors from the Departments of Agriculture and Economic Development, representatives from educational institutions and business associations, and public members appointed by the Governor. The commission will operate without compensation for its members, who will serve two-year terms, and will hold quarterly meetings, potentially utilizing virtual conferencing. Its primary purpose is to promote bilateral trade, investment, and mutual economic support between the two regions.

Additionally, the bill creates the Nebraska-Ireland Fund, which will be administered by the Department of Economic Development. This fund is intended to cover the commission's administrative expenses and support its initiatives, funded through legislative transfers, federal funds, and private contributions. The commission is required to submit an annual report to the Governor and Legislature detailing its findings and recommendations, with the first report due by December 1, 2027.