The bill introduces a new chapter, Chapter 151G, to the General Laws, specifically addressing sexual harassment in the context of professional investment activities within the Commonwealth. It defines key terms such as "derivative investment," "professional investor," "venture capital company," and "venture capital investment." The bill makes it unlawful for professional investors to engage in sexual advances or conduct that creates a hostile or intimidating environment, particularly when such behavior affects business transactions or relationships.

Furthermore, the bill allows individuals or entities harmed by violations of this law to file lawsuits against offending professional investors, seeking various forms of damages and equitable relief. The Attorney General is also empowered to enforce these provisions, with the ability to investigate potential violations and seek damages on behalf of affected parties. The statute of limitations for bringing actions under this chapter is set at three years from the date of the last alleged unlawful act or injury. The bill emphasizes a liberal construction to achieve its objectives while ensuring it does not repeal existing laws.