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Legal Update | FTC Extends the Public Comment Period for its Proposed Ban on Non-Competes
On March 6, 2023, the Federal Trade Commission (FTC) unanimously voted to extend the public comment period for its proposed rule on banning non-competites until April 19, 2023. Originally, the deadline for submitting comments was March 20, 2023.
Commissioner Christine S. Wilson, who formally tendered her resignation effective March 31, 2023, issued a concurring statement for the unanimous vote to extend the public comment period. She noted that “the proposed rule is a departure from hundreds of years of precedent and would prohibit conduct that 47 states allow.”
The FTC has received over 17,557 comments and posted over 8,848 comments…