FTC Bans Non-Compete Agreements as Legal Battles Loom
April 27, 2024
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0:35Now PlayingFTC Bans Non-Compete Agreements as Legal Battles Loom
YouTube Description
as posted by the channelBusiness groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry.
The FTC voted 3-2 along party lines on Tuesday to issue a final rule banning non-competes in nearly all cases. The agency’s two Republicans dissented, adopting arguments similar to the business group that the FTC lacks clear congressional authority to write rules.
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