tim cook amanpour gay long_00014311.jpg
tim cook amanpour gay long_00014311.jpg
Now playing
05:38
Tim Cook: Being gay gave me perspective as a minority
Now playing
01:23
'There should be no threats': Biden's message to union-busters
Misinformation Trump Capitol March rn orig_00004630.png
Misinformation Trump Capitol March rn orig_00004630.png
Now playing
04:08
These Trump supporters are convinced he will be president again on March 4
PHOTO: CNN
Now playing
02:54
'Biggest trial of my life': Landlord says eviction moratorium has drained her savings
Now playing
01:36
Michael Bolton wants you to break up with Robinhood
Now playing
01:57
Fed chief downplays inflation concerns
Now playing
04:34
See what has happened to Trump's DC hotel after his loss
Now playing
01:41
Meet the 29-year-old cancer survivor set to make history in space
WASHINGTON, DC - JANUARY 15: MyPillow CEO Mike Lindell waits outside the West Wing of the White House before entering on January 15, 2021 in Washington, DC. (Photo by Drew Angerer/Getty Images)
PHOTO: Drew Angerer/Getty Images
WASHINGTON, DC - JANUARY 15: MyPillow CEO Mike Lindell waits outside the West Wing of the White House before entering on January 15, 2021 in Washington, DC. (Photo by Drew Angerer/Getty Images)
Now playing
00:39
MyPillow and its CEO Mike Lindell sued by Dominion
Bill Gates AC intv 022021
PHOTO: CNN
Bill Gates AC intv 022021
Now playing
02:32
Will Bill Gates go back to shaking hands? Hear his thoughts
02 Bill Gates AC intv 02202021
PHOTO: CNN
02 Bill Gates AC intv 02202021
Now playing
02:13
Bill Gates optimistic about climate policy under Biden WH
Now playing
05:37
Texas mayor: We were not prepared
Now playing
03:05
Watch lawmakers grill Robinhood's CEO
PHOTO: CNN
Now playing
04:47
ERCOT CEO explains how Texas power failure happened
NEW YORK, NEW YORK - OCTOBER 15: A person walks by a closed New York City business on October 15, 2020 in New York City. As American workers continue to struggle in an economy brought down by COVID-19, new jobless claims rose to 898,000 last week. It was the highest number since August 22 and represented a gain of 53,000 from the previous week's upwardly revised total of 845,000.  (Photo by Spencer Platt/Getty Images)
PHOTO: Spencer Platt/Getty Images
NEW YORK, NEW YORK - OCTOBER 15: A person walks by a closed New York City business on October 15, 2020 in New York City. As American workers continue to struggle in an economy brought down by COVID-19, new jobless claims rose to 898,000 last week. It was the highest number since August 22 and represented a gain of 53,000 from the previous week's upwardly revised total of 845,000. (Photo by Spencer Platt/Getty Images)
Now playing
01:11
Weekly initial jobless claims jump to 861,000
Now playing
02:42
A challenging year for women: Millions are out of work
(CNN Business) —  

Some of the largest American companies are taking a stand on transgender rights as President Donald Trump considers a rollback of legal protections for the group.

More than 50 US companies said Thursday in a letter posted online that they oppose “any administrative and legislative efforts to erase transgender protections through reinterpretation of existing laws and regulations.”

“We call for respect and transparency in policy-making, and for equality under the law for transgender people,” the letter says.

It’s signed by a number of top tech companies, including Amazon (AMZN), Apple (AAPL), Facebook (FB), Google (GOOGL), Microsoft (MSFT), Twitter (TWTR), Uber and Lyft. Coca-Cola (KO), Pepsi (PEP), Citigroup (C), Bank of America (BAC) and JPMorgan Chase (JPM) also added their names.

The letter, which isn’t directly addressed to Trump, said diversity and inclusion are “good for business.”

“Transgender people are our beloved family members and friends, and our valued team members,” it says. “What harms transgender people harms our companies.”

The New York Times reported last month that the Trump administration is working to define sex under Title IX as solely male or female at birth, with no room for change. The proposal could formally be presented to the Justice Department by the end of the year, sources told the Times.

Since Trump took office, companies and their CEOs have been increasingly willing to criticize federal policies they see as contradicting their values.

Top executives such as Apple CEO Tim Cook and JPMorgan Chase CEO Jamie Dimon frequently weigh in on immigration.

Business leaders have also condemned Trump’s travel bans, the decision to pull out of the Paris climate agreement and his remarks about white supremacists in Charlottesville in 2017, which led to the collapse of the President’s business advisory councils.