Federal Trade Commission Meeting on Rule to Ban Noncompetes

Federal Trade Commission Meeting on Rule to Ban Noncompetes


Our article, Staying Updated on Restrictive Provisions in Employment and Severance/Separation Agreements posted in December 2023, addressed the Federal Trade Commission’s proposed rule that would ban most noncompetes. The FTC was expected to vote on its final rule in April 2024.

According to the Federal Trade Commission’s Non-Compete Clause Rulemaking, one in five or approximately 30 million American workers are bound by noncompete clauses. These are employees at all levels within companies, not simply executives. The FTC has been using federal antitrust law to effectively challenge noncompete agreements.

On April 16th, the FTC announced that it will hold a special Open Commission Meeting on April 23, 2024. The Rule to Ban Noncompete Clauses will be on the agenda. As executive recruiters, the team at CA Search Advisors will be tracking the results of Tuesday’s FTC event.

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Amy Bauer, Co-Founder and Managing Principal
443-784-2555

 

Katie Becker, Co-Founder and Managing Principal
312-802-0300