Bill > H4476

This bill establishes the South Carolina-Bahamas Trade Commission, a 15-member body designed to promote economic and cultural exchanges between South Carolina and The Bahamas. The commission will be composed of members appointed by the Speaker of the House (4 members), the Senate President (4 members), and the Governor (7 members), including state officials like the Secretary of Commerce and Commissioner of Agriculture, representatives from higher education institutions, Bahamian-American community members, and a business organization representative. Members will serve four-year terms without compensation but can be reimbursed for expenses. The commission's primary purposes include advancing bilateral trade and investment, initiating joint policy actions, promoting business and academic exchanges, encouraging economic support and infrastructure investment, and addressing other mutually beneficial issues. The commission is required to report its findings and recommendations to the Governor and General Assembly annually and is authorized to raise funds through solicitation, fundraising, gifts, and grants to support its operations. The Department of Commerce may also use appropriated funds to support the commission's activities. The bill will take effect upon the Governor's approval.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=4476&session=126&summary=B