U.S. Federal Trade Commission building in Washington, D.C. Photo: Diego M. Radzinschi/ALM Divided FTC Finalizes Rule to Ban Noncompete Agreements
"First, in my mind, the plain text of the FTC Act clearly gives the agency the authority to promulgate rules addressing unfair methods of competition," FTC Chair Lina Khan said. Not everyone agrees.
April 23, 2024 at 06:02 PM
5 minute read
Administrative Law
The original version of this story was published on National Law Journal
A divided Federal Trade Commission on Tuesday finalized a rule prohibiting employers from imposing noncompete agreements on their workers, a controversial regulation that global tax services provider Ryan greeted by filing suit in a Texas federal court saying the FTC's action exceeds its statutory authority.
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