FTC bans noncompete agreements for workers - The Washington Post

Washington Post— The rule makes it illegal to include the agreements in employment contracts and requires firms with active noncompete agreements to inform workers they are void.

NPR—FTC bans most noncompete agreements between employers and workers. The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from leaving their companies for competitors, or starting competing businesses of their own.

Newsweek—What the FTC's Ban on Noncompete Agreements Means for 30 Million Workers. The Federal Trade Commission (FTC) has voted to ban employers from requiring workers to sign noncompete agreements, while blocking the enforcement of most existing clauses.The FTC announced a new rule banning noncompete clauses nationally on Tuesday, maintaining in a press release that the move would protect "the fundamental freedom of workers to change jobs" and "promote competition" by "fostering new business formation."An estimated 30 million workers—or about 18 percent of the U.S....

CBS News—FTC bans noncompete agreements, making it easier for workers to quit. Here's what to know.. Federal regulators on Tuesday enacted a nationwide ban on new noncompete agreements, which keep millions of Americans — from minimum-wage earners to CEOs — from changing jobs within their industries.The Federal Trade Commission on Tuesday afternoon voted 3-to-2 to approve the new rule, which will ban noncompetes for all workers when the regulations take effect in 120 days. For senior executives, existing noncompetes can remain in force. For all other employees, existing noncompetes are not...