• is a binational institution in charge of the Fulbright Program in Italy since 1948;
• The Italian Minister of Foreign Affairs and the U.S. Ambassador to Italy are honorary presidents of the Commission;
• is run by a Board of Directors, composed of 12 members: 6 members are U.S. citizens  appointed by the U.S. Ambassador to Italy;  6 members are Italian citizens appointed by the Minister for Foreign Affairs;
• Promotes study, research and lectureship opportunities in Italy and in the U.S. through the Fulbright scholarships for Italian and American citizens (70 scholarships a year);
• Organizes and sponsors cultural and educational activities with both a national and international outreach;
• Offers an Information Service on the Fulbright Program and on study and research opportunities in the U.S. and in Italy.

Was established in 1946 under legislation introduced by late Senator J. William Fulbright, to promote the peace process through cultural exchanges between United States and the other countries in the world.
It is the oldest governmental program of cultural exchanges in the world.
It Operates in more than 155 countries. 
From 1946 to this day the Program has awarded 294,000 scholarships.
Every year it awards approximately 7,500 Fulbright scholarships

In Italy the Program is jointly financed by the U.S. Department of State and the Italian Ministry of Foreign Affairs.