Bill > H1708

This bill aims to regulate investment practices in Massachusetts. It prohibits professional investors from engaging in sexual harassment or discriminating against individuals based on protected characteristics, such as race, gender, or disability, in the sponsoring, guaranteeing, or granting of funds. The bill also requires the Massachusetts Commission Against Discrimination (MCAD) to establish compliance guidelines for professional investors, including policies, procedures, and self-evaluations, to ensure they are providing a greater share of funding to historically disadvantaged members of protected classes and companies they own or manage. The attorney general has the authority to enforce the anti-discrimination provisions and seek damages and penalties against violators. The bill provides an affirmative defense for professional investors who have complied with the MCAD's guidelines.

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https://malegislature.gov/Bills/193/H1708