Coalition argues Senate Bill 6 could cost Texas $8.5 billion

Enthusiasts for SB 6 claim the bill is "unique to Texas."   File photo

The coalition Keep Texas Open for Business adamantly opposes the recently filed Senate Bill 6, stressing the coined "Texas Privacy Act" as discriminatory, anti-business and unnecessary legislation which will have a direct and negative impact on Texas' economy.

The legislation bans the transgender community from using public school, university and government build's public restrooms of the gender with which they identify. The proposed bill also excludes Texas cities from passing transgender-inclusive public accommodations policies.

The similar House Bill 2 (HB 2) law in North Carolina has cost the state an estimated $1 billion in lost economic revenue in under 10 months.

"Senate Bill 6 is discriminatory and wholly unnecessary legislation that if passed, could cost Texas as much as $8.5 billion in GDP and the loss of more than 185,000 jobs in the first year alone," Chris Wallace, president of the Texas Association of Business, said. Wallace's organization heads the Keep Texas Open for Business coalition.

Enthusiasts for SB 6 claim the bill is "unique to Texas." Nevertheless, the legislation is essentially a copy of the bathroom and municipal non-discrimination regulations in North Carolina's HB 2. As a result, major commerce companies and professional and collegiate sporting events have since vacated the state.

 "We cannot afford the real human consequences and staggering economic impact of slamming the door on the Texas history of openness, competitiveness, economic opportunity and innovation, " Wallace said.

Keep Texas Open for Business and Texas Association for Business are willing to communicate with state leaders to discuss public safety concerns in every effort of impeding Texas from passing discriminatory legislation that could cause statewide boycotts and economic decline.

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