Published 14 days ago

FTC votes to ban non-compete clauses

Summary by Straight Arrow News

In a 3-2 vote Tuesday, April 23, the Federal Trade Commission voted to ban non-compete agreements nationwide, affecting an estimated 30 million workers. This rule prohibits new non-compete clauses and nullifies existing ones, except for certain high-earning senior executives. https://www.youtube.com/watch?v=6Y0brhrAa0Y “We heard from employees who, because of non-competes, were stuck in abusive workplaces,” FTC Chair Lina Khan said. “One perso…

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Bloomberg

US Regulator Votes to Ban Most Non-Compete Clauses

R�sum� : L'Autorit� am�ricaine de la concurrence (FTC) a vot� pour l'interdiction des clauses de non-concurrence impos�es aux salari�s.

14 days ago·United States

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Live Mint

For Traders, the FTC Ban on Non-Compete Clauses Comes With Big Catches

Wall Street traders and money managers could be in for disappointment if they’re hoping a new US ban on non-compete clauses will clear the way for them to spring into the arms of higher-paying competitors.

13 days ago·New Delhi, India

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The CT Mirror

Feds ban non-compete clauses as CT reconsiders bill to limit them

A federal agency voted Tuesday to ban non-compete agreements that are used by employers in a range of industries across the country to restrict employees on where and when they can take a new job within their same field. The Federal Trade Commission proposed the rule in January 2023, and received over 26,000 public comments, which a lawyer for the agency said was overwhelmingly in support of a ban. The FTC voted 3-2 at a Tuesday hearing to prohi…

13 days ago

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