The Federal Trade Commission has voted to ban employers from requiring workers to sign noncompete agreements, while blocking the enforcement of most existing clauses.The FTC announced a new rule banning noncompete clauses nationally on Tuesday, maintaining in a press release that the move would protect 'the fundamental freedom of workers to change jobs' and 'promote competition' by 'fostering new business formation.
'The FTC's final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,' she added.Shortly after the new rule was announced, the business lobbying group U.S. Chamber of Commerce announced plans to file a lawsuit to block the change, calling it an 'unlawful power grab.
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