Big Investors In Texas Oppose Senate Bill 6
Bathroom bills have become rather controversial in many parts of the United States. In Texas, the bill that is officially called Texas Privacy Act will restrict the use of gender-segregated bathrooms in government facilities to persons with the corresponding gender listed in their birth certificates.
However, a group of investors who have control over $11 trillion worth of assets are opposing the proposed bathroom bill. According to the investors that include Peter Kraus from Alliance Bernstein LP, Matthew Patsky from Trillium Asset Management LLC, Eric Veiel of T. Rowe Price Associates, Inc and some of public employment retirement system investment fund managers say that the passage of Senate Bill 6 will make them think twice of investing into Texas companies.
According to the investors, discriminatory legislations like Senate Bill 6 can be bad for Texas businesses and investors that invest in the business. A discriminatory legislation often hinders the capability of portfolio companies that are operating in Texas in offering inclusive and productive workplaces to be able to attract potential employees and retain the best employees that are currently employed in the companies.
The companies that the investors control employ hundreds of thousands of people across the state and their desire is for Texas to thrive as a successful business environment and become a financial leader in the United States. Any existing opportunities may be undermined by discriminatory legislations that can hinder public and private investments.
According to civil rights activists and groups that include Texas Association of Business, the bill which was listed by Lt. Gov Dan Patrick as priority for Texas legislature, will likely open doors to legal discrimination of lesbians, gays, bisexuals and transgender individuals. If the bill passes, Texas will suffer from economic fallout. On the other hand, Patrick says that the fallout predictions are overblown and that the economy of the state is growing.
Bathrooms have become a controversial topic. On the other hand, the bathroom in your home can be easily transformed into an aesthetic private sanctuary through vanity units for smaller bathrooms. There is an impeccable range of handmade solid oak and natural ceramic vanity units that will match with your taste and requirements.
