Treasury Dept. Kills 305 Obsolete Rules, Introduces 250 Deregulatory Initiatives - FbiCables Network | The News that Shapes World Opinion

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Wednesday, April 25, 2018

Treasury Dept. Kills 305 Obsolete Rules, Introduces 250 Deregulatory Initiatives

The Treasury Department recently released a report detailing its progress on the path of regulatory reform.
The Treasury said it’s rolled back 305 regulations, including 298 outdated IRS rules since President Trump took office.
The department also said it has dropped 94 rules from its regulatory agenda annually, and introduced zero new regulations.
Treasury Secretary Steve Mnuchin takes his seat to testify on the FY2019 budget during a hearing of the House Appropriations Committee Subcommittee on State, Foreign Operations, and Related Programs, on Capitol Hill, Wednesday, April 11, 2018 in Washington. (AP Photo/Alex Brandon)
Additionally, the Treasury has put forth over 250 recommendations on deregulation in the financial sector.
Secretary Steven Mnuchin said the reforms are crucial to promoting U.S. business activity and ensuring a quicker GDP growth.

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