A federal judge in Texas has blocked the Federal Trade Commission's (FTC) rule that aimed to ban non-compete agreements nationwide. This decision, made on Tuesday, halts the enforcement of a rule that the FTC estimated would generate $450 billion annually. The ruling has sparked discussions about the FTC's authority and is expected to lead to a legal battle that could reach the Supreme Court. The FTC is considering a potential appeal against the decision. The blocked rule was part of the Biden-Harris administration's efforts to limit non-compete agreements, which are often criticized for restricting employee mobility and wage growth.
Federal Court Strikes Down #FTC's Ban on Non-Competes https://t.co/AasKh7F5nE #employmentlaw #noncompetes @vonBriesen @Mergers @Labor_Law https://t.co/pzmRIR6tZk
Is This the End of the #FTC’s #Noncompete Ban? https://t.co/0dSBShunmt #employmentlaw https://t.co/fQkuT39M3n
Billionaire corporations use noncompete agreements to stack the deck against working people. They lead to stagnated wages and make it harder for folks to advance in their careers. I will keep pushing to put workers first and finally ban noncompetes! https://t.co/CnlzhK7mds