North Carolina lawmakers reach deal to repeal controversial transgender bathroom law

North Carolina Republican lawmakers said late on Wednesday they had reached a deal to repeal the state's controversial law prohibiting transgender people from using restrooms in accordance with their gender identities.Details were not released of the compromise measure, which was set for a vote on Thursday morning, state Senator Phil Berger and General Assembly Speaker Tim Moore said in an impromptu news conference on Wednesday night.North Carolina Gov. Roy Cooper said in a statement Wednesday night: "I support the House Bill 2 repeal compromise that will be introduced [Thursday]. It's not a perfect deal, but it repeals House Bill 2 and begins to repair our reputation."Business Insider's Mark Abadi previously reported the NCAA had imposed a 48-hour deadline on North Carolina to repeal the bathroom bill known as HB2.The law was passed in North Carolina a year ago. It required people to use bathrooms that align with their gender assigned at birth.The NCAA threatened to reject North Carolina's bids to host more than 100 events over the next five years if the state failed to repeal HB2. The ultimatum was revealed in a statement from Greater Raleigh Sports Alliance executive director Scott Dupree around noon on Tuesday.Losing out on the NCAA bids would have cost North Carolina nearly $4 billion in revenue, according to an Associated Press estimate published earlier this week.The NCAA claimed in a statement that HB2 did not allow for "a safe, healthy, discrimination free atmosphere for all those watching and participating in our events," and therefore would not allow North Carolina to host any sporting events if the law was still in effect. The NCAA had already relocated a number of sporting events last summer from North Carolina due to the law.SEE ALSO:The NCAA reportedly imposed a 48-hour ultimatum on North Carolina to repeal its 'bathroom law'Join the conversation about this storyNOW WATCH: A $2.5 trillion asset manager just put a statue of a defiant girl in front of the Wall Street bull
Click here to read full news..