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  4. U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses
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U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses

(Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses...
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U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses © Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

(Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses with workers, saying such a move would harm economic growth and limit competition.

The FTC proposed the rule last week that would ban companies from requiring workers to sign non-compete provisions in contracts, in the latest sign from the Biden administration of its support for labor.

Companies generally use these provisions to keep workers from leaving for better jobs.

"It is not the role of government to direct the behavior of business, redistribute power in our economy, or undermine the competition that fuels free enterprise," the largest U.S. business group's President Suzanne Clark said at the State of American Business event.

The Chamber also said it could mount a legal challenge.

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24-03-2023 22:44:53 (UTC+7)

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Sell (1)

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EUR/USD

1.0751

-0.0079 (-0.73%)

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Moving Avg:

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GBP/USD

1.2215

-0.0070 (-0.57%)

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Neutral

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130.49

-0.32 (-0.25%)

Summary

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0.6640

-0.0043 (-0.64%)

Summary

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 EUR/USD1.0751↑ Buy
 GBP/USD1.2215Neutral
 USD/JPY130.49↑ Buy
 AUD/USD0.6640Neutral
 USD/CAD1.3775↑ Sell
 EUR/JPY140.27↑ Buy
 EUR/CHF0.9875↑ Buy
 Gold1,992.50↑ Sell
 Silver23.407↑ Sell
 Copper4.0702↑ Buy
 Crude Oil WTI68.72↑ Buy
 Brent Oil74.53↑ Buy
 Natural Gas2.212↑ Buy
 US Coffee C178.35↑ Buy
 Euro Stoxx 504,119.75Neutral
 S&P 5003,926.88↑ Buy
 DAX14,903.95↑ Sell
 FTSE 1007,391.48↑ Buy
 Hang Seng19,915.68Sell
 Small Cap 20001,721.70↑ Buy
 IBEX 358,762.45Buy
 BASF45.755Neutral
 Bayer55.33Buy
 Allianz203.95↑ Buy
 Adidas140.80↑ Buy
 Lufthansa9.352↑ Sell
 Siemens AG139.95Buy
 Deutsche Bank AG8.560↑ Buy
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Cập nhật 24-03-2023 22:44:56
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KRW15,7019,13
Cập nhật lúc 18:55:01 24/03/2023
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