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. The Commission's objectives include promoting business and academic exchanges, encouraging mutual economic support and investment, and addressing policy issues of mutual interest. Members will serve staggered terms, with initial appointments set to be completed by October 1, 2025.

The bill also includes provisions for the Commission to raise funds through donations and grants to support its activities, with a requirement to submit annual reports to the Governor and the General Assembly. Notably, the Commission is set to be repealed on June 30, 2030, and the act will take effect on July 1, 2025.