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 sixteen 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, and six appointed by the governor for four-year terms. 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. Appointments must be made within ninety days of the bill's enactment, and members who are not public employees will not receive compensation.

The commission is tasked with various duties, including advancing bilateral trade and investment, initiating joint policy actions, promoting exchanges, and encouraging mutual economic support and infrastructure investment between New Mexico and Ireland. Additionally, the commission will be required to submit an annual report detailing its findings and recommendations to key state leaders, starting December 1, 2026. The commission may also accept various forms of contributions to support its activities.