WASHINGTON—The Federal Trade Commission has released the final agenda for a forum it will be hosting today to examine a proposed rule that would prohibit employers from what the agency has described as “imposing harmful noncompete restrictions” on workers.
According to the FTC, the event, which will feature speakers who have been subjected to noncompete restrictions or otherwise have experience with noncompetes, supplements its request for members of the public to submit written comments on the proposed rule. That proposal is based on a preliminary finding that noncompetes constitute an unfair method of competition and therefore violate Section 5 of the Federal Trade Commission Act.
Live Webcast
The forum will be webcast live from 12 noon to 3 p.m. EDT, and also will include remarks by FTC Chair Lina M. Khan and Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya. Members of the public will also have an opportunity to comment via livestream.
“Companies impose noncompetes on workers across industries and job levels, and evidence indicates that noncompetes hurt workers and harm competition by blocking workers from pursuing better opportunities and by preventing employers from hiring the best available talent,” the FTC said.
What Proposal Would Do
The FTC’s proposed rule generally would prohibit employers from using noncompete clauses, including independent contractors and anyone who works for an employer, whether paid or unpaid. Among other things, the rule would also require employers to rescind existing noncompetes and actively inform workers that they are no longer in effect, the FTC said.
CUToday.info previously shared details on how the proposal could impact worker mobility, wages and the way future compensation agreements are structured.
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