MA S1119

Creates new Chapter 151G establishing "Fair Investment Practices" requiring professional investors (venture capital firms, private equity firms, hedge funds, investment banks) operating in Massachusetts to follow compliance guidelines aimed at increasing funding to historically disadvantaged members of protected classes

Requires professional investors to include written compliance policies in organizational charters, adopt clear procedures for compliance, and submit written self-evaluations to the attorney general at least every 3 years assessing progress toward more equitable funding distribution

Protected characteristics include race, color, religious creed, national origin, sex, gender identity, sexual orientation, age, genetic information, ancestry, veteran status, handicap, and pregnancy-related conditions

Violations constitute unfair or deceptive trade practices under Chapter 93A, enforceable by the attorney general who may seek civil penalties, compensatory and punitive damages, and injunctive relief on behalf of those affected

Attorney general must publish compliance guidelines within 1 year of the act's effective date, in consultation with the Massachusetts Commission Against Discrimination and secretary of state, with updates required at least every 3 years