#MEMEAct

The #MEMEAct stands for the Member and Employee Mobility and Entrepreneurship Act. Here's a point-by-point summary in under 100 words:

Purpose: Promotes innovation and entrepreneurship by removing restrictions on employee mobility.

Ban on Non-Competes: Prohibits the enforcement of most non-compete agreements across the U.S.

Employee Freedom: Allows employees to freely switch jobs or start businesses in similar fields.

Economic Impact: Aims to boost competition, wages, and startup growth.

Exceptions: Limited exceptions exist for sale-of-business situations.

Enforcement: Employers violating the Act may face penalties.

Retroactive Effect: Voids existing non-competes unless exempted.

National Scope: Applies uniformly across all states.

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