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The final rule is a somewhat narrower version of the proposed rule that the agency put out for public comment in January of 2023. It will ban for-profit employers from issuing new noncompetes to ...
The Federal Trade Commission on Tuesday issued a final rule banning noncompete clauses in employment contracts in the U.S. But experts in the field said the FTC’s move will definitely be ...
The FTC rule would have meant that anyone applying for a new job could not be forced to sign a noncompete. For workers with existing agreements, noncompetes would no longer be enforceable.
A 2023 petition to the FTC to ban non-compete agreements estimated that about 30 million workers (about 20% of all U.S. workers) were subject to a noncompete clause. [3] While higher-wage workers are comparatively more likely to be covered by non-compete clauses, non-competes covered 14 percent of workers without college degrees in 2018. [4]
The Federal Trade Commission voted 3-2 Tuesday to ban most noncompete agreements, a watershed moment for the U.S. workforce that faces an uncertain future. These common agreements currently bar ...
A 2023 petition to the FTC to ban non-compete agreements estimated that about 30 million workers (about 20% of all U.S. workers) were subject to a noncompete clause. [35] While higher-wage workers are comparatively more likely to be covered by non-compete clauses, non-competes covered 14 percent of workers without college degrees in 2018. [36]
Business groups have argued that Congress never intended to give the FTC those broad powers and that banning noncompetes will make it difficult to safeguard trade secrets and other confidential ...
Tax-services firm Ryan LLC, joined by the U.S. Chamber of Commerce and the Business Roundtable lobbying groups, had sued the FTC over the noncompete ban on April 23, the same day the commission ...