FTC called for industry comment on the proposed rule. The Notice of Proposed Rulemaking NPRM offered several alternative rules that the FTC is considering, along with potential justifications for those alternatives. Comments are due by March 10, 2023.
Federal Trade Commission FTC Proposed Rule to ban noncompetes nationwide. Noncompetes are an often exploitative practice where employers limit employee ability to compete with them. Studies show noncompetes suppress wages, hamper innovation, block entrepreneurship.
On January 5, 2023, the Federal Trade Commission (FTC) made waves in the legal world after it proposed a new rule that would essentially ban noncompete agreements and require employers.
The Federal Trade Commission’s (FTC’s) January 5, 2023, notice of proposed rulemaking would ban businesses from entering into and maintaining noncompete clauses with workers. In this.