Noncompetes

House Republicans’ letter states that the FTC is exceeding its delegated authority and lacks congressional authority in federal statute to initiate this type of rulemaking.

The current 60-day comment period is a remarkably short window for the business community to assess the sweeping effects of the startling proposal to ban noncompete agreements.

The rule would apply to employees, independent contractors, interns, volunteers, apprentices, and other types of workers.

The executive order includes 72 initiatives by over a dozen federal agencies to tackle what President Biden deems are some of the most pressing competition problems in the U.S.

The bill would narrow the use of noncompete agreements to include only necessary instances of a dissolution of a partnership or the sale of a business.