diff --git a/src/ONYXKEYS.js b/src/ONYXKEYS.js
index 0b1f45006fc2..21ff401c72c7 100755
--- a/src/ONYXKEYS.js
+++ b/src/ONYXKEYS.js
@@ -155,9 +155,6 @@ export default {
     // Is report data loading?
     IS_LOADING_REPORT_DATA: 'isLoadingReportData',
 
-    // Is policy data loading?
-    IS_LOADING_POLICY_DATA: 'isLoadingPolicyData',
-
     // Is Keyboard shortcuts modal open?
     IS_SHORTCUTS_MODAL_OPEN: 'isShortcutsModalOpen',
 
diff --git a/src/libs/actions/Policy.js b/src/libs/actions/Policy.js
index b51666f0e86f..1df9a904ea20 100644
--- a/src/libs/actions/Policy.js
+++ b/src/libs/actions/Policy.js
@@ -99,26 +99,6 @@ function updateLastAccessedWorkspace(policyID) {
     Onyx.set(ONYXKEYS.LAST_ACCESSED_WORKSPACE_POLICY_ID, policyID);
 }
 
-/**
- * Used to update ALL of the policies at once. If a policy is present locally, but not in the policies object passed here it will be removed.
- * @param {Object} policyCollection - object of policy key and partial policy object
- */
-function updateAllPolicies(policyCollection) {
-    // Clear out locally cached policies that have been deleted (i.e. they exist locally but not in our new policy collection object)
-    _.each(allPolicies, (policy, key) => {
-        if (policyCollection[key]) {
-            return;
-        }
-
-        Onyx.set(key, null);
-    });
-
-    // Set all the policies
-    _.each(policyCollection, (policyData, key) => {
-        Onyx.merge(key, {...policyData, alertMessage: '', errors: null});
-    });
-}
-
 /**
  * Delete the workspace
  *
@@ -168,40 +148,6 @@ function deleteWorkspace(policyID, reports) {
     }
 }
 
-/**
- * Fetches policy list from the API and saves a simplified version in Onyx, optionally creating a new policy first.
- *
- * More specifically, this action will:
- * 1. Optionally create a new policy.
- * 2. Fetch policy summaries.
- * 3. Optionally navigate to the new policy.
- * 4. Then fetch full policies.
- *
- * This way, we ensure that there's no race condition between creating the new policy and fetching existing ones,
- * and we also don't have to wait for full policies to load before navigating to the new policy.
- */
-function getPolicyList() {
-    Onyx.set(ONYXKEYS.IS_LOADING_POLICY_DATA, true);
-    DeprecatedAPI.GetPolicySummaryList()
-        .then((data) => {
-            if (data.jsonCode !== 200) {
-                Onyx.set(ONYXKEYS.IS_LOADING_POLICY_DATA, false);
-                return;
-            }
-
-            const policyCollection = _.reduce(data.policySummaryList, (memo, policy) => ({
-                ...memo,
-                [`${ONYXKEYS.COLLECTION.POLICY}${policy.id}`]: getSimplifiedPolicyObject(policy, false),
-            }), {});
-
-            if (!_.isEmpty(policyCollection)) {
-                updateAllPolicies(policyCollection);
-            }
-
-            Onyx.set(ONYXKEYS.IS_LOADING_POLICY_DATA, false);
-        });
-}
-
 /**
  * @param {String} policyID
  */
@@ -978,7 +924,6 @@ function openWorkspaceInvitePage(policyID, clientMemberEmails) {
 }
 
 export {
-    getPolicyList,
     loadFullPolicy,
     removeMembers,
     addMembersToWorkspace,
diff --git a/src/libs/actions/Welcome.js b/src/libs/actions/Welcome.js
index 41c559093941..d1130b9450b2 100644
--- a/src/libs/actions/Welcome.js
+++ b/src/libs/actions/Welcome.js
@@ -17,7 +17,6 @@ let isReadyPromise = new Promise((resolve) => {
 
 let isFirstTimeNewExpensifyUser;
 let isLoadingReportData = true;
-let isLoadingPolicyData = true;
 let email = '';
 
 /**
@@ -28,7 +27,7 @@ let email = '';
  * - Whether we have loaded all reports the server knows about
  */
 function checkOnReady() {
-    if (!_.isBoolean(isFirstTimeNewExpensifyUser) || isLoadingPolicyData || isLoadingReportData) {
+    if (!_.isBoolean(isFirstTimeNewExpensifyUser) || isLoadingReportData) {
         return;
     }
 
@@ -53,15 +52,6 @@ Onyx.connect({
     },
 });
 
-Onyx.connect({
-    key: ONYXKEYS.IS_LOADING_POLICY_DATA,
-    initWithStoredValues: false,
-    callback: (val) => {
-        isLoadingPolicyData = val;
-        checkOnReady();
-    },
-});
-
 const allReports = {};
 Onyx.connect({
     key: ONYXKEYS.COLLECTION.REPORT,
@@ -77,7 +67,7 @@ Onyx.connect({
 
 const allPolicies = {};
 Onyx.connect({
-    key: ONYXKEYS.COLLECTION.REPORT,
+    key: ONYXKEYS.COLLECTION.POLICY,
     callback: (val, key) => {
         if (!val || !key) {
             return;