Investors pen letter to Texas government urging them not to go forward Senate Bill 6/Transgender bathroom law as it “In business, talent is everything. But when states are close-minded, when states embrace backwards legislation, the best and the brightest are driven away. Texas will lose talent, plain and simple.” -PB/TK
Global investors warn Texas on transgender bathroom bill – By Chuck Lindell – American-Statesman Staff Tuesday, February 21, 2017
Global investors who manage more than $11 trillion in assets, including companies in Texas, urged state leaders to reject a bill cracking down on transgender-friendly bathroom policies, arguing Tuesday that such “discriminatory legislation” is bad for business and the economy.
Lt. Gov. Dan Patrick, however, accused prominent opponents of the transgender bathroom bill of losing their moral compass and predicted that the Texas Senate will debate and approve the legislation “in a few weeks.”
“This is not discriminatory. It’s (about) common sense, common decency and public safety,” Patrick said in a morning interview on KTSA radio in San Antonio. “This is the left gone mad; they’ve gone too far on this issue.”
Known as Senate Bill 6, the transgender bathroom measure has emerged as this session’s lightning-rod issue, stirring almost daily headlines as vocal opponents — led by pro-business organizations, large corporations, entertainers, and civil and gay rights groups — clash with conservative Republicans and social and religious conservative leaders who favor the bill.
The latest volley came from 40 institutional investors who sent a letter Tuesday imploring Patrick, Gov. Greg Abbott and House Speaker Joe Straus, R-San Antonio, to oppose SB 6.
“Bills that deliberately limit the human rights of LGBT people are not only unjustified and unfair, but may have troubling financial implications for the business and investment climate in states, including in Texas,” the letter said. “Equality, diversity and inclusiveness are fundamental elements of a successful workplace, community and capital markets system.”
Continue to mystatesman.com article: http://www.mystatesman.com/news/global-investors-warn-texas-transgender-bathroom-bill/z3UEA8TwmMhMgX0qU13KVJ/
