The Missouri Chamber of Commerce and Industry is opposing legislation that would restrict employers’ ability to protect themselves through non-compete agreements.
On March 4, the House Special Committee on Small Business heard HB 2787, which would create a new regulatory framework for non-competes and other employment agreements.
Missouri employers have long relied upon existing case law and legal precedence when establishing these agreements. HB 2787 would create an entirely new regulatory framework for non-compete agreements and establish a new cause of action against employers.
The Missouri Chamber testified against this interference in the free market economy.
“It’s going to be time-consuming and possibly expensive for businesses to comply with the new law,” said Phillip Arnzen, director of legislative affairs for the Missouri Chamber. “Anytime you’re really changing the way Missouri businesses operate like this, there’s a chance it could slow growth and potentially limit new businesses that want to come to the state.”
For more information, contact Phillip Arnzen at parnzen@mochamber.com or 573-634-3511.
