Investment Firms Call For Repeal Of HB2

North Carolina's controversial House Bill 2 is now under fire from a number of major investment firms.

Financial executives were in Raleigh Monday calling for a full repeal of HB2, which prohibits anti-discrimination protections for LGBT people, and mandates which bathrooms transgender people can use.

WRAL-TV reports that speakers representing more than 50 leading investment firms spoke out against the bill, saying that it damages North Carolina's ability to compete in the business world. The firms manage $2.1 trillion dollars in assets.

The companies include Investors' Circle and Trillium Asset Management.

Joshua Humphreys is the president of the Croatan Institute, a research firm. Humphreys released a statement saying, “Quite simply, HB2 is bad for business."

The call for a repeal comes six months after the bill's passage, and several weeks after the NCAA and ACC announced they are pulling major sporting events out of the state.