FTC to Vote Next Week on Final Rule Banning Noncompete Clauses

The US Federal Trade Commission is just days away from voting on the final version of its proposed ban on noncompete clauses in employment contracts.

The FTC will hold a vote on April 23 during a virtual meeting open to the public, the antitrust agency announced on Tuesday. The commission said it received more than 26,000 comments on the draft rule it released last year, and that the final version under consideration would “generally prevent most employers from using noncompete clauses.”

Banning most noncompetes would impact about 30 million Americans and boost wages by nearly $300 billion per year, the ...