AUSTIN, TEXAS — Today, Texas Association of Business (TAB) President and CEO Glenn Hamer and Longview Chamber of Commerce President and CEO Kelly Hall issued the following joint statement on joining the U.S. Chamber of Commerce this week to challenge the U.S. Federal Trade Commission (FTC) rulemaking that would ban employer noncompete agreements:
“We stand firm in our commitment to safeguarding the interests of businesses and employees alike, and the FTC’s recent power grab threatens to disrupt countless existing agreements, hinder businesses' ability to protect confidential information, and bring serious harm to competition. The FTC lacks the statutory authority to issue such broad regulations, and the Commission’s noncompete rule represents an arbitrary exercise of bureaucratic power. We urge the Court to review and set aside the rule, as it is both unlawful and will result in cascading adverse impacts on businesses and workers in Texas and nationwide.”
To read the full complaint filed in the U.S. District Court for the Eastern District of Texas, please click here.
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