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What will be the outcome of the U.S. Chamber of Commerce's involvement in the legal challenge against the FTC's ban on noncompete agreements by the end of 2024?
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Resolution / Starting Odds
Chamber wins • 25%
Chamber loses • 25%
Settlement reached • 25%
Other • 25%
Court rulings and official announcements from the U.S. Chamber of Commerce or the FTC
Story
Texas Federal Judge Temporarily Blocks FTC's Ban on Noncompete Agreements
Jul 3, 2024, 09:08 PM
A federal judge in Texas has temporarily blocked the Biden administration's US Federal Trade Commission (FTC) rule banning noncompete agreements, which was set to take effect on September 4. The decision, made on Wednesday, delays the implementation of the near-total ban on these agreements, which are commonly signed by workers to prevent them from joining their employers' rivals or launching competing businesses. The ruling is part of a legal challenge brought by tax preparation company Ryan LLC and the U.S. Chamber of Commerce, marking the beginning of a high-stakes legal battle over worker mobility within industries.
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Rule upheld • 25%
Rule overturned • 25%
Rule revised • 25%
Other outcome • 25%
Uphold the Texas court's postponement • 25%
Overturn the Texas court's postponement • 25%
Modify the Texas court's postponement • 25%
Decline to hear the case • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Supreme Court • 25%
Fifth Circuit Court of Appeals • 25%
Other Federal Court • 25%
State Court • 25%
Appeal the Texas Judge's decision • 25%
Propose a revised noncompete ban • 25%
Drop the noncompete ban initiative • 25%
Other • 25%
Yes • 50%
No • 50%
New rule proposed • 25%
Appeal filed • 25%
No further action • 25%
Other regulatory action • 25%