The Governor has rejected and will veto the noncompete ban proposed by the New York Legislature, despite urging from the Federal Trade Commission.
New York is continuing to move from a noncompete ban to some type of a wage threshold on noncompetes.
The FTC’s letter to Governor Hochul suggests that the FTC is leaning toward a full ban and is (quite properly) concerned about its own power to issue one.
New York is inching closer to some type of a ban on noncompetes, but New York’s Legislature has failed to address defects identified by Governor.
New York will not become the fifth state with a noncompete ban. New York’s Governor Hochul is neither persuaded by nor hiding behind the rhetoric and political expediency of a ban of noncompetes.
Before New York joins the ranks of California, Minnesota, North Dakota, and Oklahoma as the fifth state with a complete ban on employee noncompetes, I took the opportunity to write to NY Governor Hochul to explain why caution is warranted.
New York is further along on its way to joining the ranks of California, Minnesota, North Dakota, and Oklahoma as the fifth state with a complete ban on employee noncompetes. Will you be ready?
New York is on its way to joining the ranks of California, Minnesota, North Dakota, and Oklahoma as the fifth state with a complete ban on employee noncompetes. Will you be ready?
So far this year, there have been 65 noncompete bills pending in 25 states — excluding the two pending federal noncompete bills, D.C.’s new law to ban most noncompetes, and any proposed bills that are circulating, but have not yet been filed. Five bills have died — leaving the current tally at 59 noncompete bills still pending in 21 states. Today’s post covers the three bills pending in New York, including New York’s late-breaking proposal to ban virtually all noncompetes.