PROPOSED RULE TO BAN NON-COMPETE AGREEMENTS ACROSS ECONOMY
WASHINGTON–U.S. Senator Chris Murphy (D-Conn.), U.S. Senator Todd Young (R-Ind.), U.S. Senator Tim Kaine (D-Va.), and U.S. Senator Kevin Cramer (R-N.D.) on Thursday released the following statements on the Federal Trade Commission’s (FTC) proposed rule banning employers from imposing non-compete agreements on their employees. The FTC estimates that the new proposed rule could increase wages by nearly $300 billion per year and expand career opportunities for about 30 million Americans. “The FTC’s proposed rule banning the use of non-competes is great news for workers and for maintaining our economy’s competitive edge. In recent years, we’ve seen an explosion of non-compete agreements across industries and income brackets that have depressed wages and stifled innovation. Senator Young and I applaud the FTC…









