FTC Proposes Rule Banning Noncompete Clauses in Employment Contracts
Advocates say noncompete agreements hurt workers, limit competition, and stifle development On January 5, 2023, by a 3-1 vote, the Federal Trade Commission (FTC) proposed regulations that would ban U.S. employers from using noncompete clauses in employment contracts. The sweeping new rule is intended to make it easier for workers to switch jobs and to