As we predicted, earlier today, 100 industry organizations submitted a request to the Federal Trade Commission (FTC) to extend the comment period for its proposed rule banning non-competes nationwide by an additional 60 days. According to the letter, “[t]he regulated community should be given sufficient time to assess the potential consequences of the rulemaking and develop insightful comments for the Commission to consider.” The letter further states:
This rulemaking, as the FTC itself acknowledges, will impact a significant portion of the economy. Given the breadth of the rules, a sufficient comment period is needed to ensure the regulated community can …