President Donald Trump has proposed changing the requirement that companies submit quarterly earnings reports to a requirement that they submit semiannual reports instead.
Under current law, the Securities and Exchange Commission (SEC) mandates that companies file information detailing their financial performance, corporate governance, and other relevant disclosures. The purpose is to offer transparency for financial markets, shareholders, and analysts.
The president said that after about 50 years, it is time for reform.
In a Sept. 15 Truth Social post, Trump said publicly traded businesses “should no longer be forced to ‘Report’” every three months but rather on a six-month basis.
“This will save money, and allow managers to focus on properly running their companies,” he said….
Trump Proposes Ending Quarterly Earnings Reports, Switching to Semiannual
