United States Treasury

Matthew Savage Aibel
Matthew Savage Aibel

On May 6, the White House released a report entitled: “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses” (the “White House Report”).  This report comes on the heels of the United States Department of Treasury’s Office of Economic Policy releasing a similar report about non-competes in March 2016 (the “Treasury Report”).  While the U.S. economy has recovered since the last recession, the Obama Administration has identified a decline in competition for workers as a structural problem worth tackling in its final months.  The Administration believes that non-competes
Continue Reading Companies on Notice as White House Releases Report on Non-Competes

Featured on Employment Law This Week: Non-competes are coming under the microscope of the U.S. Treasury.

A recent report from the Treasury calls for more transparency in non-compete agreements and better communication around their use. Approximately 18 percent of the workforce is subject to these restrictive covenants, and there is increasing scrutiny around them on both the state and federal levels. A recent Utah statute restricts non-competes to no more than one year, while Oregon and Alabama recently tightened their statutory restrictions.

View the episode below or read more about this story in a previous blog post.

Continue Reading Treasury Department Calls for Transparency in Non-Competes – Employment Law This Week