Stringer said the legislation would make it more difficult for companies in Texas, many of which are part of stock index funds that New York City has pension fund investments in, to recruit and keep workers. The investors who signed the letter condemning the proposal control a combined $11 trillion in assets.
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Proposed Texas Transgender Law Comes Under Fire From Investors
New York City Controller Scott Stringer, along with 40 global investors and financial officers from California, Connecticut, Oregon, Rhode Island and Vermont, penned a letter urging Texas legislators to reject a bill that would “force transgender people in public schools and government buildings to use bathrooms that align with their biological sex.” So reports The New York Daily News.
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