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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.
Data from 2018 indicates that non-compete clauses cover 18 percent of American labor force participants. [2] 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]
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 ...
In addition to banning all new noncompetes, the FTC's rule applies to all existing noncompete agreements. Employers will now have to provide notice to workers bound to a current noncompete that it ...
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 ]
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.
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 ...
On April 23, the Federal Trade Commission (FTC) implemented a ban on noncompete clauses for most U.S. workers. The ban, which is likely to face legal challenges, prevents employers from putting ...