The bill proposes the creation of the Ohio International Trade Commission, as outlined in the newly enacted section 122.97 of the Revised Code. The commission will focus on enhancing trade and investment relations between Ohio and Japan, Ireland, Israel, and two additional nations designated by the director of development. Its responsibilities will include promoting multilateral trade, facilitating joint research agreements, fostering business and academic exchanges, and supporting mutual economic initiatives. The commission will consist of members from both the Senate and House of Representatives, as well as representatives from various communities and organizations related to the specified nations.
Additionally, the commission will operate without compensation for its members and will be required to meet regularly, issuing annual reports on its activities and recommendations. It will also have the authority to raise funds through various means, which will be deposited into a dedicated fund to support its administrative expenses and objectives. The initial appointments to the commission must be made within ninety days of the bill's effective date, with members serving staggered terms based on their appointment category.