FTC votes to ban most noncompete agreements nationwide, a common practice among big tech corporations

TechSpot— The FTC has decided to ban all new noncompete agreements and most existing ones in the US after receiving thousands of comments overwhelmingly in favor of the measure. The new regulation will take effect 120 days after its publication in the federal registry, but the commission has not yet indicatedRead Entire Article

WKBN.com—FTC votes to ban noncompete agreements. The Federal Trade Commission (FTC) voted 3-2 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.

Fox Business—FTC votes to ban noncompete agreements. The Federal Trade Commission (FTC) on Tuesday approved a regulation that would ban noncompete agreements nationwide on the grounds that they unfairly limit workers' mobility and lead to lower pay. The FTC, which currently has a Democratic majority under President Joe Biden, voted 3-2 to approve the final noncompete rule. The agency first proposed the ban on noncompete agreements in January 2023, arguing they unfairly limit competition.  Noncompete agreements generally prohibit an employee from...

KGUN—FTC votes to ban 'noncompete' agreements for most employees. The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time.