President Joe Biden plans to issue an executive order that calls on the FTC to adopt new rules to curb non-compete agreements and licensing requirements that hinder labor market competition.
The executive order, announced July 7 during a White House press briefing, is aimed at increasing wages and making it easier for workers to change jobs across states.
The order will push the Federal Trade Commission to crack down on non-compete agreements that are currently used by almost half of all private sector businesses, according to White House Press Secretary Jen Psaki. Non-compete agreements prohibit workers from accepting a ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.