On Tuesday, the Federal Trade Commission (FTC) finalized a new rule to promote competition by banning most noncompete agreements, which are used to restrict employees from leaving one company to work for another competing company.
This will grant more American workers the freedom to pursue employment that pays and treats them the best.
Garcia Wilburn
“Noncompetes stifle competition, keep worker pay down and hamper market innovation,” State Rep. Victoria Garcia Wilburn (D-Fishers) said. “I am grateful the Federal Trade Commission is cracking down on this antiquated practice that does not serve workers and their interests. During Indiana’s 2023 legislative session, I voted for Senate Enrolled Act 7, which bans primary care physicians from being forced to enter noncompete agreements. While that was one small step to make healthcare work better for patients and providers, I will continue looking for ways to keep costs low and promote competition in Indiana’s healthcare system. Ultimately, banning noncompetes benefits workers, businesses, and the economy – all wins in my book.”