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Bill Summary · SB 320

Summary of SB 320: Create Montana-Ireland Trade Commission

Bill Overview

Bill Number: SB 320
Title: Create Montana-Ireland Trade Commission
Status: Chapter Number Assigned
Introduced: January 20, 2025
Classification: Bill
Subject Areas: Appropriations, International Relations, State Government, Trade Regulations and Competition

Purpose and Intent

The primary purpose of SB 320 is to establish a Montana-Ireland Trade Commission aimed at enhancing trade relations and economic cooperation between the state of Montana and Ireland. This initiative seeks to promote mutual economic interests, facilitate trade opportunities, and strengthen international partnerships.

Key Provisions

  • Establishment of the Commission: The bill creates a formal commission dedicated to fostering trade and investment between Montana and Ireland.
  • Membership Composition: The commission will consist of appointed members from various sectors, including business, government, and trade organizations, ensuring diverse representation.
  • Duties and Responsibilities: The commission will be tasked with:
    • Identifying trade opportunities and barriers.
    • Promoting Montana products and services in the Irish market.
    • Organizing trade missions and business exchanges.
    • Providing recommendations to the state government on trade policies and initiatives.
  • Funding and Appropriations: The bill outlines provisions for funding the commission's activities, although specific dollar amounts are not detailed in the provided information.

Impact

  • Economic Development: The establishment of the Montana-Ireland Trade Commission is expected to stimulate economic growth by opening new markets for Montana businesses and attracting Irish investments.
  • Stakeholders Affected: The bill will primarily benefit Montana businesses seeking to expand internationally, as well as Irish companies looking to invest or trade in Montana. Additionally, state government agencies involved in economic development and international relations will play a crucial role in the commission's activities.

Legislative Timeline

  • March 18, 2025: Signed by the Governor and assigned a chapter number.
  • March 17, 2025: Signed by the Speaker of the House.
  • March 15, 2025: Returned from enrolling and signed by the President of the Senate.
  • March 7, 2025: Concurred on the 2nd and 3rd readings in the House.
  • February 25, 2025: First reading in the House after being transmitted from the Senate.
  • February 19, 2025: Passed by the Senate Business, Labor, and Economic Affairs Committee.

Conclusion

SB 320 represents a strategic effort by the state of Montana to enhance its international trade relations, particularly with Ireland. By establishing a dedicated commission, the bill aims to facilitate economic growth and create new opportunities for businesses in both regions. The successful implementation of this commission could lead to significant benefits for stakeholders involved in trade and investment.

Compiled from official sources — confirm details with the bill’s official record.

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