Global Investors Warn Texas to Withdraw Transgender Restroom Legislation

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AUSTIN, Texas (Reuters) – 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 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.

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