An Act relative to fair investment

This bill creates new requirements for professional investors (like venture capital firms, private equity firms, and investment banks) operating in Massachusetts. It mandates they adopt written policies and procedures to increase funding for historically disadvantaged groups sharing protected characteristics (such as race, gender identity, or sexual orientation), and conduct public self-evaluations every three years assessing progress. Violations would be treated as unfair trade practices under Chapter 93A, allowing the Attorney General to seek damages or injunctions. The law focuses on process and transparency, not specific funding quotas, requiring investors to document their efforts toward equitable investment.