FTC Proposes Rule to Ban Noncompete Clauses, Which Hurt Workers and Harm Competition

Excerpt:  “Companies use noncompetes for workers across industries and job levels, from hairstylists and warehouse workers to doctors and business executives. In many cases, employers use their outsized bargaining power to coerce workers into signing these contracts. Noncompetes harm competition in U.S. labor markets by blocking workers from pursuing better opportunities and by preventing employers from hiring the best available talent.”

News Release

Proposed Rule

Fact Sheet (4 pages)