Is the Biden Administration Eliminating Non-Compete Agreements?
On July 9, 2021, President Biden signed an Executive Order on Promoting Competition in the American Economy. The EO outlines a need to create a fair, open, and competitive marketplace. A lot of the areas identified are non-employment related areas such as cable/internet providers and costs, farming, and government contracts. The EO does, however, contain a paragraph addressing non-compete agreements. Specifically, the EO states that “the Chair of the FTC is encouraged to consider working with the rest of the Commission to exercise the FTC’s statutory rulemaking authority under the Federal Trade Commission Act to curtail the unfair use of Read more