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IMO the link should be changed to the FTC's press release, which has no paywall and provides a better summary: https://www.ftc.gov/news-events/news/press-releas
by thwayunion 4y ago
IMO the link should be changed to the FTC's press release, which has no paywall and provides a better summary: https://www.ftc.gov/news-events/news/press-releases/2023/01/ftc-proposes-rule-ban-noncompete-clauses-which-hurt-workers-harm-competition https://www.ftc.gov/news-events/news/press-releases/2023/01/...
You can read the proposed rule and the full notice and factsheet here: https://www.ftc.gov/legal-library/browse/federal-register-notices/non-compete-clause-rulemaking https://www.ftc.gov/legal-library/browse/federal-register-no...
Of note, an FTC commissioner (Trump appointee, so a minority voice in the executive atm) released a dissenting statement outlining the strategy that will be used to defeat the proposed rule: https://www.ftc.gov/system/files/ftc_gov/pdf/p201000noncompetewilsondissent.pdf https://www.ftc.gov/system/files/ftc_gov/pdf/p201000noncompe... (warning: pdf). In her dissent, she speaks eloquently about how darn important noncompetes are to Business and Competition, and "encourage[s] all interested parties to respond fully to all parts of the NPRM’s solicitation of public comments."
Which, well... I'll also encourage all interested parties to respond fully to all parts of the NPRM’s solicitation of public comments! You can do so at regulations.gov
- bcaine 4y agoDo you know how to publicly comment? I couldn't find a way on the press release or their website.
- thwayunion 4y agoThe notice will be posted on regulations.gov. You can leave a comment there. It's not posted yet. The public comments should open shortly. Set a reminder for Wednesday next week and it'll almost certainly be up on regulations.gov.
- thwayunion 4y agoHey! Hopefully you go back and read comments on old posts, since the public comment period has begun and comments can now be submitted on regulations.gov: https://www.regulations.gov/document/FTC-2023-0007-0001/comment https://www.regulations.gov/document/FTC-2023-0007-0001/comm...
- twobitshifter 4y ago>The proposed rule would generally not apply to other types of employment restrictions, like non-disclosure agreements. However, other types of employment restrictions could be subject to the rule if they are so broad in scope that they function as noncompetes. Do we think it would apply to non-solicitation clauses?