Huh? Aside from it being a field called "What's New in This Version", and putting old text in doesn't make much sense, why don't you just go into App Store Connect for the previous release, and copy the text from there?
Alternatively, keep a copy of the text you use for each release, and store it in an archive along with the source code and assets etc. for that release. That way, you can always go back to any version of your app and see exactly what you wrote and what code and assets you had.
I do this, and base my next version off the previous version by simply copying the archive and increasing the version numbers.
If you think Apple should implement this in App Store Connect, you can raise a suggestion at: https://feedbackassistant.apple.com/