The Trump administration has announced the formal establishment of a new ethics unit that will take charge of the administration’s sprawling regulatory agenda and its rollback of the Dodd-Frank financial overhaul.

The ethics office is led by Treasury Secretary Steven Mnuchin, who took over the reins of the Office of Management and Budget after the election.

He will have a broad mandate to oversee all aspects of the Trump agenda, including his transition and Cabinet picks, and will have broad oversight over everything from trade deals to tax policy.

The new ethics office will be charged with writing the next set of ethics rules, which will be released within a week, according to the announcement.

Mnuchin is set to take office in January.

The Trump team did not immediately respond to a request for comment.

The new office is not expected to have a significant role in the day-to-day workings of the White House, but the announcement could signal a shift in direction.

President Donald Trump’s transition team has said the new ethics center will be “very focused on the president’s agenda,” including “regulatory reform, economic development, job creation and infrastructure.”

The transition team, which includes Mnuchin and chief of staff Reince Priebus, did not provide details on what its focus would be on.

Mitt Romney, the 2012 GOP nominee for president, was in the White Houses transition office, as was Trump’s son-in-law and senior adviser Jared Kushner.

But Trump himself has been the chief antagonist of the ethics office, which he has called “an overreaching bureaucracy that stifles free speech and crushes small businesses.”

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