The Federal Trade Commission took a step toward banning noncompete clauses, a move that would allow workers to take jobs with rival companies, calling them an exploitative practice
Catch up on the headlines, understand the news and make better decisions, free in your inbox every day.If the FTC eventually votes to adopt the proposal, companies would have to rescind noncompete requirements they impose on workers and let employees know about the change. FTC officials say noncompetes suppress wages, restrain new business formation and hurt the ability of companies to hire workers they need to grow.
The proposal was expected by business groups, which sometimes say noncompetes have beneficial effects, such as safeguarding confidential customer data and intellectual property. Ms. Khan said in an interview with The Wall Street Journal in June that it was anFederal Trade Commission Chair Lina Khan has said the FTC can write rules on competition.President Biden 18 months ago called on the FTC to ban or limit clauses in employment contracts that restrict workers’ freedom to change jobs.
If the FTC eventually adopts the proposal and creates a regulation, the measure could trigger a legal challenge by affected businesses. Federal regulators have faced headwinds from the courts in recent years over policies and enforcement tactics that some judges found to exceed the agencies’ statutory authority.federal agencies issue regulations
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