Did Robert Rubin loosen the laws that led to the Dotcom burst? Do those same laws still stand?

I was reading an old news article that said former Treasury Secretary Rubin loosened the IPO laws, which first required a company to exist for 5 years and to be profitable for 3, down to basically allowing any idea to go public. While I’m having a hard time finding more on this, does anyone know if this was something that led to dotcom crash? What other things contributed? & lastly, do those laws still stand today? It seems last year the IPO craze sure resembles the dotcom crash. Sorry. Was digging into some history tonight.