The bill S.78 proposes the establishment of the Vermont-Ireland Trade Commission, aimed at enhancing bilateral trade, investment, and cultural exchange between Vermont and Ireland. The Commission will be formed within the State Treasurer's office and will consist of ten members, including appointees from the Governor, the Speaker of the House, and the Senate Committee on Committees, along with the State Treasurer or their designee. The Commission's objectives include promoting business and academic exchanges, encouraging mutual economic support and investment, and addressing policy issues of shared interest.

The bill outlines the terms of appointment for Commission members, with initial staggered terms to ensure continuity. It mandates that the Commission submit annual reports to the Governor and the General Assembly, detailing its activities and recommendations. Additionally, the Commission is authorized to raise funds through various means to support its operations, although members will not receive compensation for their service. The Commission is set to be repealed on June 30, 2030, and the act will take effect on July 1, 2025.