The Treasury Department is removing old rules that no longer apply

The Treasury Department is reviewing its existing regulations. It will remove or update rules that are no longer needed or relevant. This means some old rules in federal banking and finance codes will disappear.

Governments often add new rules without removing old ones. This creates a large, complex body of regulations that can be hard to navigate. Removing outdated rules can make it easier for businesses to understand and follow current requirements, potentially reducing compliance costs.