Bill > S0665

This bill establishes the South Carolina-Bahamas Trade Commission, a new 15-member body designed to promote economic and cultural ties between South Carolina and The Bahamas. The commission will consist of members appointed by the Speaker of the House (4 members), the Senate President (4 members), and the Governor (7 members), including representatives from state government agencies, higher education institutions, Bahamian-American communities, and business organizations. Commission members will serve four-year terms without compensation but may be reimbursed for expenses, and the Governor will designate a chairperson. 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 relevant issues. The commission is required to submit annual reports to the Governor and General Assembly and is authorized to raise funds through solicitations, fundraising events, and accepting gifts and grants, with funds to be managed by the Department of Commerce. The commission will have the flexibility to create subcommittees and conduct meetings throughout the state, with a majority of members constituting a quorum for conducting business. The bill will take effect upon the Governor's approval.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=0665&session=126&summary=B