Stephen Curry is practically a household name. The basketball superstar grew up in Charlotte, North Carolina, and played college basketball at nearby Davidson College. Disappointed to see so many sporting events pulled from his home state, Curry is one of a large number of people who hope that lawmakers will rewrite the so-called “bathroom bill,” which is currently causing many to protest his home state.

Since becoming law in late March, North Carolina’s House Bill 2 has sparked national controversy and ongoing protests over the bill’s discriminatory provisions. The Public Facilities Privacy and Security Act, also known as HB2, requires transgender people to use public bathrooms that match the gender on their birth certificate, and it bars local governments from adopting other LGBT protections. HB2 is also wreaking havoc on the state’s economy as numerous organizations, businesses and other states are taking their business elsewhere. North Carolina’s policy makers must repeal this discriminatory law not only because it hurts the state’s economy, but also because it violates our country’s founding principles.

In addition to company boycotts, the NBA announced in July it was pulling the 2017 All-Star Game from Charlotte, an event that would have brought an estimated $100 million into the regional economy. Major college sports leagues are following suit. The National Collegiate Athletic Association (NCAA) pulled seven upcoming championship games, while the Atlantic Coast Conference (ACC) announced that ten planned championship events will no longer take place in North Carolina. This year, the state was scheduled to host the Football Bowl Subdivision (FBS) college football final in Charlotte, and the first and second rounds of the men’s basketball conference tournament in Greensboro, events which were estimated to increase the state revenue by upwards of $47 million.

In April, PayPal canceled its planned global operations center in Charlotte, a $3.6 million investment that would have created 400 jobs with an annual payroll of $20.4 million. In that same month, Deutsche Bank froze its plans to create 250 new jobs in Cary. Numerous conventions have canceled North Carolina events, and musicians such as Bruce Springsteen, Pearl Jam, and Ringo Starr have canceled performances in the state. Furthermore, numerous cities and states now ban publicly funded travel to North Carolina.

While all of these events have injured North Carolina’s economy, the worst blow has yet to come. The U.S. Department of Justice has notified the state that HB2 violates nondiscrimination requirements of seven federal laws, including Title IX of the Education Amendment, Title VII of the Civil Rights Act, and the Violence Against Women Act. HB2 is putting up to $4.8 billion in annual federal funding at risk. Federal funding for schools, health care programs, and housing assistance are all areas that could face severe budget cuts as a result of this bill.

The Governor of North Carolina, Pat McCrory, and the state’s legislature could easily avoid future economic losses by repealing the law. But the governor and legislative leaders continue to stand by the bill. McCrory is firm in his claim that HB2 is “common sense” and “protects” young girls in locker rooms, and House Speaker Tim Moore (R) continues to claim that the law does not discriminate against anyone.

However, in the wake of the NCAA and ACC cancellations, division has been increasing in the GOP ranks. Some Republican state lawmakers are now calling for a reconsideration of HB2.

Those Republicans are right; HB2 must be repealed. Not only is the state’s economy suffering, but the law discriminates against members of the LGBTQ+ community. North Carolina must make the right decision, not only for their wallets, but for their conscience.