Is the New Testament a Textus Rekeptus?

Has the New Testament been updated to translators go back and update based on new manuscripts? Or do they just kind of stick with what they have? What ended up happening is this textus rekeptus was around forever. There's not much to make better because it's about as good as it's ever going to give them their manuscripts. But translators today who produce a new translation or a new revision of the translation follow the new Greek versions that are available.