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 appointed by various state officials, including 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 mutual interest.

Additionally, the bill outlines the terms of appointment for Commission members, stipulating that they will serve four-year terms, with staggered initial terms for some members to ensure continuity. The Commission is authorized to raise funds through donations and grants to support its activities, and it is required to submit annual reports to the Governor and the General Assembly. The Vermont-Ireland Trade Commission is set to be repealed on June 30, 2030, and the act will take effect on July 1, 2025, with initial appointments required by October 1, 2025.