The White House is planning to issue an executive order aimed at curtailing non-compete clauses and the impact of occupational licenses, which prevent employees from getting a better job. President Joe Biden has committed to signing the text in the next few days, which would urge the FTC (Federal Trade Commission) and the Justice Department to act to curtail these types of agreements.
Non-compete clauses were also a focus for former President Obama’s administration. At the end of his term, his economic advisors were highlighting abuses of these clauses, which had initially been aimed the senior executive level. Originally they were supposed to prevent senior executives from passing on confidential information to competitors and even from bringing big client contracts along with them when they left their positions.
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