SB 1562

Creates the Illinois-Ireland Trade Commission Act. Creates the Illinois-Ireland Trade Commission. Establishes membership of the Commission. Provides that the President of the Senate shall designate a Chair and Vice-Chair from among Commission members. Provides that the Department of Commerce and Economic Opportunity shall provide administrative support for the Commission. Provides that the members of the Commission shall serve without compensation but may be reimbursed for expenses incurred in the performance of their duties on the Commission. Provides that the Commission shall meet at least twice per calendar year, beginning in 2025. Provides that the Commission may raise funds, through direct solicitation or other fundraising events, alone, or with other groups, and accept gifts, grants, and bequests from individuals, corporations, foundations, governmental agencies, and public and private organizations and institutions. Provides that funds shall only be used to carry out the duties of the Commission. Provides that the Commission shall file a report by the end of each calendar year detailing any actions made by the Commission, as well as new or expanded relations between Illinois and Irish entities, with the Governor, the General Assembly, and the Director of Commerce and Economic Opportunity. Effective immediately.