Global investors warn Texas to withdraw transgender restroom legislation

[DonViejo]

Source: Reuters



21 FEB 2017 AT 12:59 ET

A group of global investors with $11 trillion in managed assets told Texas on Tuesday not to enact legislation restricting access to bathrooms for transgender people, saying it is discriminatory and bad for business.

The “Texas Privacy Act,” or Senate Bill 6, has been marked as a priority for Lieutenant Governor Dan Patrick, a Republican and conservative Christian who guides the legislative agenda in the Republican-controlled state Senate. He said the measure protected the privacy and safety of Texans.

The bill on a flashpoint issue in the United States is similar to a law enacted last year in North Carolina that led to economic boycotts and the loss of major sporting events, costing the state an estimated hundreds of millions of dollars in revenue.

“The bathroom bill was bad for North Carolina and it will be very bad for Texas,” New York City Comptroller Scott Stringer, a Democrat, told a teleconference, adding it was the first time investors of this size opposed the legislation.

Read more: http://www.rawstory.com/2017/02/global-investors-warn-texas-to-withdraw-transgender-restroom-legislation/

[Skittles]

1. Texas never misses an opportunity to embarrass itself

yes indeed

[MicaelS]

6. Skittles, you know the only way to hurt many Texans...

Is to hit them in the pocketbook, given their real religion is the worship of Mammon.

[Crowman2009]

2. Looks like the invisible hand has just smacked the RW-assholes of Texas upside the head!

For all you progressives & liberals out there in Texas, I'm with you!

[Solly Mack]

3. Good.

Fucking haters.

[matt819]

4. Now let's see this group and others put their money where their mouth is

Shift your fucking investments to businesses outside Texas. This may be a challenge, but it's possible if there's the will to do it. Unload stocks. Do not invest in bond issues in these hater states.

Do not go to TX or NC or other states with such bills pending or passed for any reason. Bypass the state when on connecting flights. Do not hold or attend any conferences in TX or NC or others. The same goes for states and municipalities. Bar employees from travelling to or through those states.

Take the lead on this issue and others. For example, the states that are passing obscene anti-abortion and anti-women's rights bills - same thing - take your money out. Warren Buffet, if you're listening, I'm talking to you. Sure, you're not going to leave Nebraska, but you can pull your money and your philanthropy out.

[muntrv]

5. Ah market forces at work!

[mountain grammy]

7. This is about nothing but being mean..

so Texas will pass it.

[Initech]

8. Hit 'em where it really hurts: their wallets!