FTC votes to ban noncompete agreements

WKBN.com— 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.

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.

NPR—After 26,000 public comments, FTC to vote on rule banning noncompete agreements. The Federal Trade Commission will vote Tuesday on whether to issue a final rule banning noncompete agreements. The Biden administration has argued that noncompetes harm workers and stifle competition.

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