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 of a sexual nature that affects business transactions or creates a hostile work environment. It explicitly states that discrimination based on sex includes sexual harassment.

Furthermore, the bill provides legal recourse for individuals or entities harmed by violations of this law. Affected parties can bring lawsuits against professional investors for damages, including compensatory and punitive damages, and may also seek injunctive relief. The Attorney General is granted the authority to enforce these provisions and can pursue damages and equitable relief on behalf of the Commonwealth. The bill establishes a three-year statute of limitations for actions arising under this chapter and emphasizes a liberal construction of its provisions to fulfill its intended purpose without repealing existing laws.