President Donald Trump has suggested altering the U.S. corporate reporting schedule, advocating a shift from quarterly to semi-annual filings. He argued the change could save money and allow company leaders to focus more on operations.
In a post on his Truth Social account, Trump wrote, “Companies and Corporations should no longer be forced to ’Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ’Six (6) Month Basis.’”
He said the adjustment would cut costs and help managers concentrate on running their businesses efficiently instead of meeting frequent reporting deadlines.
Currently, the Securities and Exchange Commission (SEC) requires publicly traded companies in the U.S. to file financial disclosures every quarter. Trump’s proposal would mark a major departure from that standard.
Trump also drew a comparison with Chinese business practices, noting: “Did you ever hear the statement that, ’China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!’”
He clarified that any such change would be “Subject to SEC Approval,” indicating that the SEC would need to authorize the shift for it to take effect.
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