The bill proposes the establishment 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 be tasked with meeting regularly, issuing annual reports on its activities, and may raise funds through various means to support its operations. Members will serve without compensation, with specific term lengths depending on their appointment category. The commission is also empowered to create subcommittees and will operate with a quorum requirement for conducting business. The funds raised will be deposited into a dedicated Ohio international trade commission fund to cover administrative expenses and further the commission's objectives.