The bill establishes a perinatal behavioral health care workforce trust fund within Chapter 6A of the General Laws, specifically adding a new section, 16HH. This trust fund aims to grow and diversify the perinatal behavioral health care workforce by providing grants to eligible entities, which include public or private institutions of higher education, non-profit organizations, and individuals seeking to enter the workforce. The bill defines key terms such as "perinatal," "perinatal individual," and "medically underserved populations," and outlines the responsibilities of the Secretary of Health and Human Services in administering the fund and grants.

Additionally, the Secretary is tasked with creating regulations for the grant application process, prioritizing entities that serve medically underserved populations or areas with significant disparities in perinatal health outcomes. The bill mandates the Secretary to produce an annual report detailing grant applications, awards, and the demographic impact of the funded programs. Furthermore, it includes provisions for providing technical assistance to eligible entities to ensure the sustainability and effectiveness of the programs supported by the grants.