The bill establishes the "New Mexico-Ireland Trade Commission," which will be administratively attached to the economic development department. The commission will consist of a total of 16 members, including five appointed by the president pro tempore and minority floor leader of the senate, five appointed by the speaker and minority floor leader of the house, six appointed by the governor for four-year terms, and the director of the division of international trade or their designee. The members will have expertise in promoting Irish affairs or trade relations between New Mexico and Ireland, with specific representation from higher education, Indian nations, agricultural and energy sectors, and Irish-American communities.

The commission is tasked with advancing bilateral trade and investment, particularly in technology, agriculture, and energy, as well as promoting business and academic exchanges. It will meet at least once a year, elect a chair and vice chair, and may accept various forms of contributions to support its activities. Additionally, the commission is required to submit an annual report detailing its findings and recommendations to key state officials starting December 1, 2026. Members who are not public employees will not receive compensation or per diem, and appointments must be made within 90 days of the bill's effective date.