Summary
President Trump has proposed that public companies in the U.S. switch from reporting financial results every three months to every six months. This change would require approval from the Securities and Exchange Commission (SEC).
Key Facts
- President Trump suggests public companies report earnings every six months instead of quarterly.
- This proposal would change how American companies report their business activities.
- The change would need the SEC's approval.
- Trump believes this could save money and allow better company management.
- Quarterly reporting has been a requirement by the SEC since 1970.
- The idea of switching to half-yearly reports was previously discussed during Trump's first term as president.
