FTC Ban on Noncompetes Is a Victory for the US Economy, Faces Lawsuit from Chamber of Commerce
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#05662d09 ver:0.45
The FTC has adopted a ban on non-compete agreements, a victory for the US economy. The ban, supported by President Biden, affects 1 in 5 Americans and aims to increase earnings by $400 billion over 10 years. The Chamber of Commerce plans to challenge the ban in court, arguing it limits companies' ability to protect confidential information. The rule goes into effect in six months, except for existing agreements with high-level executives. #FTC #noncompete #USeconomy...
#newstr #Ftc #NoncompeteAgreements #UsCompanies #BidenAdministration #ChamberOfCommerce
https://here.news/story/05662d09?ver=0.45