US President Donald Trump is pushing regulators to loosen reporting requirements for public companies, echoing his efforts to end quarterly earnings reports during his first term in the White House.
In a Truth Social post, Trump urged the Securities and Exchange Commission to shift away from requiring firms to report on a quarterly basis and instead adopt a semi-annual schedule.
Less frequent reporting, Trump argued, would "save money, and allow managers to focus on properly running their companies".
Proponents of the shift say it could boost the number of publicly traded companies in the US, reversing a downward trend in recent years. But investors rely on regular reports for transparency.
The US has required public companies to report earnings every three months since 1970. Any effort to scale back the frequency of those reports is likely to face opposition from shareholders and other critics, who argue that the shift could threaten transparency and risk market volatility.
