Regulators said Thursday that they want to make it illegal for American employers to put noncompete clauses into employment contracts—a proposal that businesses slammed as “blatantly unlawful.”
The Federal Trade Commission (FTC)—which regulates and enforces competition law in the U.S.—unveiled a proposal on Thursday to ban employers from imposing noncompete clauses on workers, saying the practice is harming competition within the American labor market by preventing companies from hiring the best available talent.
