The U.S. Treasury secretary framed the administration’s approach as an aggressive deregulation drive, saying 129 existing rules are removed whenever one new rule is introduced.
U.S. Treasury Secretary Bessent said the government eliminates 129 existing rules for each new rule it adds, outlining what he described as a sweeping deregulation approach. The remark, cited by Zhitong Caijing and reported by PANews on June 3, points to a policy stance aimed at reducing regulatory burdens rather than expanding them.