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Treasury touts regulatory rollbacks

The U.S. Treasury released a report on Tuesday promoting its efforts to scale back regulations.

“Regulatory reform is a key component of the President’s plan to make American businesses more competitive and create opportunities for hardworking Americans,” Treasury Secretary Steven Mnuchin said in the report, adding that the effort to scale back burdensome regulations would boost economic growth and job creation.

In the report, the Treasury Department said that it had taken roughly 100 regulations off its agenda as compared to the previous year and had either eliminated or proposed to eliminate more than 300 others.

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