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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 on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. Such a ban could affect tens of millions of workers.
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 ...
And the Federal Trade Commission, which created the now struck-down rule banning noncompetes, notes that it is not prevented from “addressing noncompetes through case-by-case enforcement actions.”
On January 5, 2023, the FTC proposed a rule banning non-compete agreements. [37] The U.S. Chamber of Commerce has lobbied against bans on non-compete agreements; in 2023, it threatened to sue the FTC if it bans non-compete agreements. [38]
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 federal judge in Texas on Tuesday barred a US Federal Trade Commission rule from taking effect that would ban employers from requiring their workers to sign non-compete agreements.
[13] [14] In August 2024, U.S. District Judge Ada Brown issued a nationwide injunction prohibiting enforcement of the rule. [ 15 ] In September 2024, Holyoak dissented when the Commission conditioned approval of the $53 billion acquisition of Hess Corporation by Chevron Corporation upon the prohibition of John B. Hess from the company's board.