FTC votes to ban noncompete agreements
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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...
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FTC votes to ban 'noncompete' agreements for most employees
The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time.
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After 26,000 public comments, FTC to vote on rule banning noncompete agreements
The Federal Trade Commission will vote Tuesday on whether to issue a final rule banning noncompete agreements. The Biden administration has argued that noncompetes harm workers and stifle competition.