For decades, noncompete employment agreements have prevented all sorts of workers — doctors, engineers, even hair stylists — from easily switching jobs. That may soon change after the US Federal Trade Commission approved a near-total ban on such provisions.
The Federal Trade Commission voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. FTC Chair Lina Khan joins CNN’s Jake Tapper to discuss.
The U.S. Chamber of Commerce filed a lawsuit to block the Federal Trade Commission's sweeping ban on noncompete agreements, arguing the regulator overstepped its authority.
The regulator voted to ban the controversial agreements that block millions of workers from going to a rival employer. Here’s what it all means for workers.
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.
In a lawsuit filed in Texas federal court, the U.S. Chamber of Commerce and other organizations argue that the agency lacks the authority to issue the rule.
Business 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 U.S. Chamber of Commerce, the country's largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency's near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses.
The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a press release. The new rule will free most new and current employees from such agreements,
If you've relied on noncompete agreements to protect your business and your business secrets, you're in for a bit of a bumpy ride: The Federal Trade Commission just voted to ban noncompete agreements for all workers.
On Tuesday, the FTC voted to ban all new noncompete clauses and render existing noncompetes unenforceable for most private sector workers. In 2023, the Federal Trade Commission (FTC) took a strong position on noncompete clauses with a proposed rule that would outright ban employers from using them in employment contracts.
Less than 24 hours after the Federal Trade Commission issued a final rule this week banning employers from using noncompete agreements in the United States, the US Chamber of Commerce and the Business Roundtable filed a lawsuit against the agency in federal court in the Eastern District of Texas.
A ban on noncompete clauses could raise workers’ wages by an estimated $400 billion, according to the FTC. But employers argue it could put trade secrets at risk. WSJ explains the ban, and why it already faces challenges.
The Federal Trade Commission voted to ban non-compete provisions Tuesday, amid stark opposition from the business community. Doug Farrar, the director of the FTC's Office of Public Affairs, joins Bloomberg TV to discuss the challenges ahead.
After the Federal Trade Commission voted to block new noncompete agreements for 30 million workers on Tuesday, business groups and the United States Chamber of Commerce have taken action. A lawsuit was filed Wednesday by the Chamber of Commerce,
The U.S. Chamber of Commerce and several other business groups sued the Federal Trade Commission over its ban of noncompete clauses. The FTC voted Tuesday to ban noncompete agreements, which prohibit employees from going to work for competitors.
The FTC has said the rule will increase worker wages, lower healthcare costs and generate thousands of new businesses each year, but business groups see it as a dangerous precedent for government micromanagement.
Two powerful business lobby groups filed suit Wednesday against the Federal Trade Commission seeking to overturn its ban on noncompete agreements just one day after it was finalized. Why it matters: The lawsuit will likely delay the ban from taking effect — or derail it entirely,
Less than a day after the Federal Trade Commission issued a new rule that would make it easier for millions of workers to change jobs and negotiate higher pay by blocking employers from using noncompete clauses,
The FTC issued a rule to ban non-compete clauses for employees, according to a release from the commission on Tuesday. It first proposed the rule to get rid of the practice last y
The antitrust and consumer protection agency heard from thousands of people who said they had been harmed by noncompetes, illustrating how the agreements are "robbing people of th
Arkansas law currently sets limits on the scope and duration of noncompete agreements and lists two-year time periods as "presumptively reasonable" in most cases. Joshua M. Silverstein, who teaches contracts and secured transactions at the William H.
Nearly one in five American workers is estimated to be subject to a non-compete clause. This often exploits the most vulnerable workers, who may either be trapped in poor-paying jobs, or forced to switch to even lower paying industries or relocate to avoid financial penalties and legal action.
The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley,
The U.S. Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the Chamber of Commerce
Noncompete agreements are banned in three states, including California, and some opponents of noncompetes argue that California’s ban has been a key contributor to that state’s
The FTC passed a potential seismic change for workers earlier this week, banning noncompete clauses. Experts who spoke to FOX 4 says the vote is just the beginning of a much larger fight.
Tuesday to ban noncompete agreements that prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job.
Business groups led by the U.S. Chamber of Commerce sued the Federal Trade Commission (FTC), challenging its decision to ban noncompete agreements. The FTC voted 3-2 Tuesday to pass the rule blocking new noncompete agreements.
About one in five workers — or 30 million people — are currently under a noncompete, according to the agency. "Noncompete clauses keep wages low, suppress new ideas, and rob t
U.S. workers' rights advocates and groups celebrated on Tuesday after the Federal Trade Commission voted 3-2 along party lines to approve a ban on most noncompete clauses, which Democratic FTC Chair Lina Khansaid "keep wages low,
Non-compete agreements may soon become non-existent for nearly all employees in the U.S. after a final rule from the Federal Trade Commission (FTC) in a 3-2 vote from commissioners.