1. Short title This Act may be cited as the Freedom To Compete Act of 2023 . 2. Limitation on non-compete agreements (a) In general The Fair Labor Standards Act of 1938 ( 29 U.S.C. 201 et seq. ) is amended by inserting after section 7 the following: 8. Limitation on non-compete agreements (a) Definition of non-Compete agreement In this section, the term non-compete agreement means an agreement, entered into between an employer and an employee, that restricts such employee from performing, after the employment relationship between the employer and the employee terminates, any of the following: (1) Any work for another employer for a specified period of time. (2) Any work in a specified geographical area. (3) Any work for another employer that is similar to such employee’s work for the employer that is a party to such agreement. (b) In general (1) No enforcement of non-compete agreements Any non-compete agreement entered into before the date of enactment of the Freedom To Compete Act of 2023 shall be void and have no effect. An employer shall not enforce, or threaten to enforce, any non-compete agreement with an employee. (2) No new non-compete agreements Beginning on the date of enactment of the Freedom To Compete Act of 2023 , an employer shall not enter into, extend, or renew any non-compete agreement with an employee. (3) Limit on applicability This subsection shall not apply with respect to any employee described in section 13(a)(1). (c) Rule of construction regarding trade secrets Nothing in this section shall preclude an employer from entering into an agreement with an employee to not share any information (including after the employee is no longer employed by the employer) regarding the employer or the employment that is a trade secret, as defined in section 1839 of title 18, United States Code. . (b) Enforcement (1) Prohibited act Section 15(a) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 215(a) ) is amended— (A) in paragraph (5), by striking and