H1922 — An Act relative to fair investment
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1Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
An Act relative to fair investment
Bill Text
- Full text Current
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill establishes Chapter 151G in the General Laws, creating new regulations for fair investment practices targeting historically disadvantaged members of protected classes.
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Chapter 151G. FAIR INVESTMENT PRACTICES.
This new chapter is created to outline fair investment practices.
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Section 1. As used in this chapter, the following words shall have the following meanings unless the context clearly requires otherwise: ...
Definitions relevant to fair investment practices are established.
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Section 2. Professional investors, including but not limited to venture capital firms, private equity firms, hedge funds and investment banks, must comply with the compliance guidelines established in section 4.
Professional investors are required to adhere to new compliance guidelines.
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Section 3. Failure to comply with section 2 shall be an unfair or deceptive trade practice under chapter 93A subject to challenge pursuant to section 4 of said chapter 93A ...
Non-compliance by professional investors is designated as an unfair trade practice, allowing legal challenges.
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Section 4. (a) The attorney general, in consultation with the commission and the secretary of state shall require professional investors to follow compliance guidelines ...
The attorney general is tasked with establishing detailed compliance guidelines for professional investors.
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Section 5. This chapter shall be construed liberally to accomplish its purposes.
The chapter aims to be interpreted broadly to fulfill its intended goals.
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SECTION 2. Notwithstanding any general or special law to the contrary, the attorney general ... shall publish compliance guidelines ... not later than 1 year after the effective date of this act.
A timeline is established for the publication of compliance guidelines.
Sponsors
- Tram T. Nguyen · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 203 not signed on
Sponsors (1)
- Tram T. Nguyen Democrat
Co-sponsors (0)
None.
Not signed on (203)
203 members have not signed on to this bill.
Show all 203 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does H1922 do?
- An Act relative to fair investment
- Who sponsors H1922?
- H1922 is sponsored by Tram T. Nguyen (Democrat).
- What is the current status of H1922?
- This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track H1922?
- Track H1922 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 4 months ago · updated continuously
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