HB 291 — Create the Ohio International Trade Commission

As ReportedPassed by the House Development Committee 136th General Assembly Regular Session Sub.

Representatives Williams, Newman, Hoops, Claggett, Thomas, D.D., Brennan, Brownlee, Daniels, Dovilla, Hiner, John, Lawson-Rowe, McNally, Miller, M., Peterson, Sims, Stephens, Synenberg, Tims, White, A., Willis To enact sections 122.67 and 122.671 of the Revised 1 Code to create the Ohio International Trade 2 Commission.

To enact sections 122.67 and 122.671 of the Revised 1 Code to create the Ohio International Trade 2 Commission.

17 (e) Creation of technology centers to promote 18 Sub.

291 Page 2 As ReportedPassed by the House Development(e) CommitteeCreation of technology centers to promote 18 collaboration between academic and business interests;

37 (1) One member of the senate who is a member of the 38 majority party, appointed by the president of the senate, and 39 one member of the senate who is a member of the minority party, 40 appointed by the president of the senate in consultation with 41 the minority leader of the senate, who have knowledge of, or 42 current or past involvement in, organizations that promote 43 international affairs or have interest in the well-being of 44 trade relations between this state and the regions designated 45 pursuantSub. to division (A) of this section;

46 Sub.

291 Page 3 As ReportedPassed by the House Development Committee (2) One member of the house of representatives who is a 47 member of the majority party, appointed by the speaker of the 48 house of representatives, and one member of the house of 49 representatives who is a member of the minority party, appointed 50 by the speaker of the house of representatives in consultation 51 with the minority leader of the house of representatives, who 52 have knowledge of, or current or past involvement in, 53 organizations that promote international affairs or have 54 interest in the well-being of trade relations between this state 55 and the regions designated pursuant to division (A) of this 56 section;

46 (2) One member of the house of representatives who is a 47 member of the majority party, appointed by the speaker of the 48 house of representatives, and one member of the house of 49 representatives who is a member of the minority party, appointed 50 by the speaker of the house of representatives in consultation 51 with the minority leader of the house of representatives, who 52 have knowledge of, or current or past involvement in, 53 organizations that promote international affairs or have 54 interest in the well-being of trade relations between this state 55 and the regions designated pursuant to division (A) of this 56 section;

73 (C) Initial members of the commission shall be appointed 74 notSub. later than ninety days after the effective date of this 75 section.

Members of the commission appointed under divisions (B) 76 Sub.

291 Page 4 As ReportedPassed by the House Developmentnot Committeelater (1)than andninety (2)days ofafter thisthe sectioneffective shalldate serve terms of twothis years75 orsection. 77 for the remainder of the member's legislative term, whichever is 78 less.

Members of the commission appointed under divisions (B) 76 (1) and (2) of this section shall serve terms of two years or 77 for the remainder of the member's legislative term, whichever is 78 less.

102 (2) On February 1, 2026, and annually on the first day of 103 February thereafter, a report describing each gift, grant, 104 bequest, or other funding it received in the preceding year, 105 Sub.

291 Page 5 As ReportedPassed by the House DevelopmentFebruary Committeethereafter, a report describing each gift, grant, 104 bequest, or other funding it received in the preceding year, 105 including the source and amount of the funds received.

132 (b)Sub. The bond is issued by a foreign nation diplomatically 133 recognized by the United States government.

134 Sub.

291 Page 6 As ReportedPassed by the House Development(b) CommitteeThe (B)bond Allis interestissued earnedby from a bondforeign purchasednation underdiplomatically this133 135recognized section shall be deposited into the state treasury to the credit 136 of the international trade commission fund to be used to advance 137 the issues described in division (A) of section 122.67 of the 138 Revised Code, including by financing trade trips, grants, loans, 139 and other such activities the commissionUnited deemsStates appropriategovernment. to 140 further the goals of the commission.

134 (B) All interest earned from a bond purchased under this 135 section shall be deposited into the state treasury to the credit 136 of the international trade commission fund to be used to advance 137 the issues described in division (A) of section 122.67 of the 138 Revised Code, including by financing trade trips, grants, loans, 139 and other such activities the commission deems appropriate to 140 further the goals of the commission.