A PYMNTS Company

US: FTC Democrat urges issuing competition rules

By  |  September 10, 2018

Commissioner Rohit Chopra, a Democrat, wants the Federal Trade Commission (FTC) to write rules defining when noncompete agreements for employees are permissible. He raised the issue last Thursday, September 6, in comments filed ahead of the FTC policy hearings. Chopra believes the FTC should evaluate using the “neglected” power of rulemaking to better enforce antitrust law.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “I see major benefits to the FTC engaging in rulemaking under “unfair methods of competition,” even if the conduct could be condemned under predecessor antitrust laws.” Chopra said on  September 6 during the 21st Century hearings. “Rulemaking can create value for the marketplace and benefit the public on all of these fronts.”

    “Rulemaking would serve to advance clarity and certainty about what types of conduct constitute – or do not constitute – an ‘unfair method of competition.’ Commission studies of specific industries and business practices would guide which practices the FTC should use rulemaking to address. Indeed, as an enforcer and regulator across industries, the Commission is uniquely positioned to identify practices that it determines are anticompetitive.”
    Read FTC Comment here: Gov FTC
    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.