The bill establishes the New Jersey Fusion Technology Industry Commission, which will operate independently within the Department of the Treasury. The commission will consist of eleven members, including public members appointed by the Governor and representatives from higher education institutions. Each public member must have a background in fusion energy, plasma physics, or related fields. The terms for public members will be five years, with staggered terms for the initial appointments. The commission will appoint an executive director responsible for staff selection and will serve without compensation, although members can be reimbursed for expenses.

The commission's responsibilities include developing and overseeing policies and programs to promote fusion energy and technology in New Jersey, ensuring adequate funding for these initiatives, and fostering collaboration between academia and industry. It will also plan and assist in establishing advanced technology centers, business incubation facilities, and technology extension services. Additionally, the commission will monitor economic conditions, recommend funding levels, and report annually to the Governor and Legislature on its operations and policy recommendations to support the growth of the fusion industry in the state.