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Impact on noncompete agreements by end of 2024?
2
Resolution / Starting Odds
FTC rule reinstated • 25%
New federal rule issued • 25%
State-level bans enacted • 25%
No significant change • 25%
Public records, court decisions, and official announcements
Story
Texas Judge Blocks Biden Administration's Nationwide Noncompete Ban Set for September
Aug 21, 2024, 11:11 AM
A federal judge in Texas has blocked the Biden administration's Federal Trade Commission (FTC) rule banning noncompete agreements nationwide, which was set to take effect on September 4, 2024. The judge, Ada Brown, a Trump appointee, ruled that the FTC lacked the authority to enforce such a ban, deeming it 'arbitrary and capricious.' This decision halts the FTC's efforts to prohibit noncompete clauses that prevent employees from working for competitors after leaving a job. The ruling impacts an estimated 30 million American workers who are currently bound by such agreements. The White House has expressed support for the FTC's rule, highlighting its potential to enhance worker mobility and increase wages by nearly $200 billion over the next decade. The FTC is considering an appeal against the decision.
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Increase in noncompete agreements • 33%
Decrease in noncompete agreements • 33%
No significant change • 34%
Increase in noncompete agreements • 25%
Decrease in noncompete agreements • 25%
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