FTC Bans Worker Non-Compete Rules

News April 23, 2024 at 10:16 PM
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What You Need To Know

  • The proposal would ban most new non-compete agreements including those of senior executives.
  • Existing non-competes for executives earning over $151,164 a year in so-called policy making positions can stay in place.
  • The Chamber of Commerce says it plans to sue over the rule as soon as Wednesday.
Federal Trade Commission building in Washington, D.C, on January 12, 2022. Photo: Diego M. Radzinschi/ALM