The legislature’s ban on anti-competition agreements would shatter New York’s economy
NY Senate Bill S4641A:
A ‘ban on non-compete clauses’ Would Negatively Impact New York Jobs and could force businesses to move out of state.
The New York State Legislature is considering a bill — S4641A — which would prohibit nearly all non-compete agreements arising in employment [cite: Jackson Lewis, 2/13/25] also known as non-compete clauses.
These bills could cause businesses to move their companies to other states that do not have non-compete laws to avoid the logistical headache of dealing with this law.
A BAN ON NON-COMPETES HURTS EMPLOYEES AS WELL
67% of businesses say “that a near-total ban on noncompete agreements would have a negative impact on their business’s talent strategy and/or compensation strategy”. [US Chamber of Commerce Survey, 3/6/23]
Additionally “employers would have to reduce the sharing of sensitive information with employees, and reduce or defer compensation with employees should this ban take effect.”
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