February 21, 2017      4:25 PM

Investors representing more than $11 trillion in assets oppose bathroom bill

“We seek a predictable, stable business climate in Texas where our portfolio companies can thrive. However, SB6 directly undermines the strong business-minded environment in your state.”

Gov. Greg Abbott, Lt. Gov. Dan Patrick, and Speaker Joe Straus on Tuesday were sent a letter from major investors representing more than $11 trillion in assets telling the Republican leadership of the state to reject Patrick’s “bathroom bill.”

The investors said they were writing out of their “strong belief that equality, diversity, and inclusiveness are fundamental elements of a successful workplace, community, and capital markets system” and said they were “closely monitoring” legislation across the country including Senate Bill 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 investors wrote.

By Scott Braddock

Copyright February 21, 2017, Harvey Kronberg, www.quorumreport.com, All rights are reserved