The Federal Trade Commission (FTC) has proposed a rule for public comment that would make non-competes in employment illegal in the United States. Employers who are party to existing non-competes would be required to rescind those agreements and provide notice to the employee. The proposed rule would supersede state laws and apply nationally. The comment period for the proposed rule currently runs through March 10, 2023.
The proposed rule: https://lnkd.in/eZMJ8-Q8
The press release: https://lnkd.in/eYaqPN9w