Tomorrow, Tuesday, February 21st, 2017, NYC Comptroller Scott M. Stringer and Trillium Asset Management CEO Matthew Patsky will hold a conference call regarding Texas Senate Bill 6, with repercussions from Harlem to Hollywood.
Similar to North Carolina’s HB2 “bathroom bill,” (requiring transgender people to use public bathrooms based on “biological sex”), Texas Senate Bill 6 openly discriminates against the LGBTQ community, and a group of some of the largest institutional investors in the world will publicly oppose that legislation tomorrow. Senate Bill 6 may have troubling financial implications for the investors’ portfolio companies operating in Texas and the Texas economy, the second largest in the United States.
The coordinated opposition represents the first major organized group of investors globally to speak out against the Texas bathroom bill. The group, combined, represents a remarkable $11 trillion of assets under management.