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Freedom To Compete Act of 2023

Source: Congress.gov  ·  961 words in original text
This bill changes federal employment law to ban non-compete agreements, which are contracts that prevent workers from taking jobs with other companies after leaving their employer. The bill makes all existing non-compete agreements invalid and prevents employers from creating new ones going forward.
* Employees in non-exempt positions (workers who are eligible for overtime pay under federal law) * Employers who use or try to enforce non-compete agreements * The Department of Labor (the agency that enforces federal labor laws)
* Non-compete agreements entered into before this law passes become void and have no legal effect, and employers cannot enforce or threaten to enforce them (Sec. 2(b)(1)) * Starting when this law takes effect, employers cannot create, extend or renew non-compete agreements with employees (Sec. 2(b)(2)) * Employers can still require employees to keep trade secrets confidential, meaning information that qualifies as a trade secret under federal law (Sec. 2(c)) * Employers who violate this law face legal penalties and must pay appropriate legal or financial relief to employees harmed by the violation (Sec. 2(b)(2))
If this becomes law, workers would no longer face restrictions on where they can work after leaving a job, with limited exceptions. Employers would lose the ability to prevent employees from working for competitors or in specific geographic areas.
* Non-compete agreement: A contract between employer and employee that prevents the worker from working for another company, in a specific geographic area, or doing similar work for a rival employer after employment ends (Sec. 2(a)) * Trade secret: Information protected under federal law that has independent economic value because it is not generally known (Sec. 2(c))
This law takes effect 180 days after it is signed by the President (Sec. 2(d)(1)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.