UK Prime Minister Boris Johnson announced Monday a new “Brexit Freedoms Bill,” that will allow the country to remove or amend EU regulations with ease.

The bill will allow legislators to remove “retained EU law” which was implemented under the European Union Withdrawal Agreement Act during the Brexit transition period. The UK officially left the EU in January 2020 but has relied on said retained EU law in domestic law enforcement. Johnson revealed that the bill will allow the legacy of EU law to remain as a “bridging measure” accompanying governmental reform.

Repealing or amending EU laws under the current framework can take years, but this new bill will allow the process to move “further and faster.” The bill is also estimated to cut £1 billion in red tape expenses for businesses that have struggled through the transition period, especially with cross-border trade. The aim as put forth by the prime minister was to “further unleash the benefits of Brexit and ensure that businesses can spend more of their money investing, innovating and creating jobs.”

Attorney/Advocate General for England, Wales and Northern Ireland, Suella Braverman, raised some concerns about the bill and said that new parliamentary scrutiny of the laws will now be needed as we move away from outdated EU law, which previously was not subject to the same scrutiny. She further emphasized the need to meet the nation’s objectives by scrutinizing new legislation to protect “democratic legitimacy” in the UK.

The government also published a policy document on post-Brexit plans and the opportunities that could arise from this new regulatory framework, including having a more agile Artificial Intelligence sector and more tailored General Data Protection Regulations (GDPR) compared to those of the EU.