After 26,000 public comments, FTC to vote on rule banning noncompete agreements
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Opinion: How we all benefit from this new FTC rule
Opinion by Terri Gerstein (CNN) — What do a pediatrician, a bartender who’s being sexually harassed, a former intern for an electrical engineering firm and an asphalt company salesperson have in common? They are among the members of the public who submitted comments to the Federal Trade Commission (FTC), urging it to ban non-compete provisions in employment contracts. These
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FTC votes to ban noncompete agreements
The Federal Trade Commission (FTC) voted 3-2 Tuesday to ban noncompete agreements that prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job.
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FTC votes to ban noncompete agreements
The Federal Trade Commission (FTC) on Tuesday approved a regulation that would ban noncompete agreements nationwide on the grounds that they unfairly limit workers' mobility and lead to lower pay. The FTC, which currently has a Democratic majority under President Joe Biden, voted 3-2 to approve the final noncompete rule. The agency first proposed the ban on noncompete agreements in January 2023, arguing they unfairly limit competition. Noncompete agreements generally prohibit an employee from...