The Federal Trade Commission (FTC), consisting of five commissioners, is set to vote on a significant proposal to ban noncompete agreements on April 23 at 2pm ET. This rule, if passed, would prohibit agreements that prevent employees from joining competitors after leaving a company. The FTC highlights that such agreements limit worker mobility and suppress wages. This decision has garnered attention and criticism, with industry groups arguing that noncompetes are essential for protecting trade secrets. The Chamber of Commerce has expressed intentions to challenge the rule in court if it is adopted.
Could we be seeing the end of non-compete agreements? The FTC is voting on it today!ย https://t.co/IXn0zDChpd
๐จThe FTC is finalizing a rule banning noncompete clauses for *all workers* regardless of income or industry. It will increase pay, new business formation, innovation -- and cut health care costs. It's one of the most important things the Biden Administration has done. https://t.co/ZPLgkiSBZn
"An estimated 30 million peopleย โ or one in five U.S. workers โ are bound by noncompete restrictions, according to the FTC.ย The new rule could boost worker wages by a total of nearly $300 billion a year, according to the agency." https://t.co/u3TMfEbaqq
BREAKING: The FTC just banned non-compete agreements. The Federal Trade Commission has issued a final rule making it illegal for bosses to make workers sign noncompetes in any scenario, and voiding nearly all existing noncompetes. This is a game changer for American workers. https://t.co/95vCXJovji
New FTC Commissioner Holyoak starts comments on noncompete rule by invoking nondelegation, arguing that only Congress can make law.
FTC passed a non-compete ban but excluded non-profits (i.e., the new rule does not apply to non-profit health systems), which is a huge chunk of healthcare https://t.co/AdhvREh5VA
FTC rule passed a non-compete ban but excluded non-profits (i.e., the new rule does not apply to non-profit health systems), which is a huge chunk of healthcare https://t.co/AdhvREh5VA
โNew noncompetes banned for all workers as of effective date.โ The FTC just issued a complete ban on all employee non-competes. No carveouts, no limitations, no exceptions. Wow!
The FTC just tossed out non-compete clauses. Big implications in many businesses related to markets and investment management.
The FTC is poised to vote on a rule that would ban worker 'noncompete' agreements, which it says limit worker mobility and suppress their pay. Industry groups have criticized the proposal, saying noncompetes help companies protect trade secrets https://t.co/6cvmOpbnsX https://t.co/iwuJkcWcel
In final rule, FTC bans non-compete clauses for *all* workers!
Watch the special Open Commission Meeting on #noncompetes live now: https://t.co/SlNKvkwDCo #FTCMeeting https://t.co/m7BDzApGJc
FTC is moving forward in banning non-compete clauses today. Physicians everywhere rejoice! https://t.co/NCTDHsJ25T
Today the Biden @FTC is taking a massive step to banning noncompete contract clauses that have screwed workers for years. This is another massive victory for working Americans. https://t.co/WNPpRDuVhc
The FTC is moving toward banning non-competes in a vote today. LFG.
FTC Poised to Impose a Landmark Ban on Noncompetes https://t.co/zm4aySWXMP #noncompetes #employmentlaw #FTC @HRGrapevine https://t.co/tb8BMQN1bz
The Federal Trade Commission is set to vote today on a proposal to ban noncompete agreements, which prevent workers from taking positions at competitors for a period of time after they leave a job. https://t.co/jSM8qJdR5m
Tune into the Open Commission Meeting on #noncompetes today at 2pm ET: https://t.co/rN5I0rRdsF #FTCMeeting
The FTC is poised to vote to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry. https://t.co/FqCTK4pc1Q
US agency poised to ban worker 'noncompete' agreements https://t.co/6XKb7qW2a9 https://t.co/23SrVwu5Dv
The FTC is expected to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which the agency says limit worker mobility and suppress their pay. Subscribe to The Daily Docket for the latest news: https://t.co/s1z0JFiNQe https://t.co/IrGuV7HA8g
The FTC is expected to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which it says limit worker mobility and suppress their pay https://t.co/6cvmOpaPDp https://t.co/nRJnz54wFD
โ ๏ธ US AGENCY POISED TO BAN WORKER 'NONCOMPETE' AGREEMENTS Full Story โ https://t.co/4AvXFSJQ9x The U.S. Federal Trade Commission (FTC) is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, whichโฆ https://t.co/mxHD2HGjgC
The US FTC is poised to vote Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the Chamber of Commerce vowed to immediately challenge in court https://t.co/hc7Sb967SU
Pay attention. Tomorrow the @FTC is anticipated to put out its final rule on a noncompete ban. The stage is set; the issues vetted. Tomorrow brings clarity.
Chamber of Commerce Plans to Sue FTC Over Pending Ban on Noncompete Agreements https://t.co/i5cDVwZ0Ih
FTC Poised to Impose a Landmark Ban on Noncompetes https://t.co/zm4aySWXMP #noncompetes #employmentlaw #FTC @norris_Law https://t.co/c4I1n9vHbh
FTC Poised to Finalize Noncompete Rule https://t.co/5jvTyvZznd #noncompetes #employmentlaw #FTC @HuntonAK https://t.co/j4p7VWrMCz
Top 10 Legal Challenges for Employers https://t.co/OVjxxB9oRQ #employmentlaw #nlrb #noncompetes @ArentFoxSchiff
Tomorrow at 2pm ET: Tune into the Open Commission Meeting on #noncompetes: https://t.co/rN5I0rRdsF #FTCMeeting https://t.co/m7BDzApGJc
Five Commissioners and a Vote on Noncompetes to Come https://t.co/qFvtA5SXs4 #FTC #commissioner #noncompetes @BedoyaFTC https://t.co/S3LLT10gQM
Vote Scheduled for FTC Final Rule Banning Non-Competes โ What You Need to Know https://t.co/EU2JOV3NUk #noncompetes #FTC #employmentlaw @FTC https://t.co/yLq68qefco
FTC Vote on Rule to Ban Non-Competes Scheduled for April 23rd https://t.co/C2Lx0DCGgB #FTC #NonCompete #Meeting @hrposts https://t.co/O0VMdp1EBd
FTC Announces Vote on Rule to Ban Noncompetes https://t.co/XBawvJQxQb
Vote Scheduled for FTC Final Rule Banning Non-Competes โ What You Need to Know https://t.co/ffLkNdtme0
So if the FTC votes to ban non-competes... That's a huge physician supply unlock, no?
Federal Trade Commission to Vote on Proposed Noncompete Ban on April 23 https://t.co/gW3ddeRp8v #noncompetes #employmentlaw #ftc @ArentFoxSchiff https://t.co/tpXrsHnZYi
Federal Trade Commission to Vote on Proposed Non-Compete Ban on April 23 https://t.co/WaEamn80DX #FTC #Work #Meeting @hrposts https://t.co/js3emdbbD5
FTC Announces Open Commission Meeting to Vote to Issue Final Rule Banning Noncompetes https://t.co/iAzLDEYklO #FTC #employmentlaw #noncompetes @NormBishara https://t.co/T07NikIlxL
FTC Sets Tuesday Vote on Controversial Noncompete-Agreements Ban https://t.co/HPi4JHsGfI
Five Commissioners and a Vote on Noncompetes to Come https://t.co/qFvtA5SXs4 #FTC #commissioner #noncompetes @EpsteinBecker https://t.co/gR6sdSMDoW
Vote Scheduled for FTC Final Rule Banning Non-Competes โ What You Need to Know https://t.co/EU2JOV3NUk #noncompetes #FTC #employmentlaw @Polsinelli https://t.co/xa3uWQvkPZ
Federal Trade Commission to Vote on Proposed Non-Compete Ban on April 23 https://t.co/WaEamn80DX #FTC #Work #Meeting @ArentFoxSchiff https://t.co/6faiYRMBMk
FTC Sets Tuesday for Vote on Controversial Noncompete-Agreements Ban https://t.co/DjpZOnoH1c