Overview

• Trump proposed on Truth Social that public companies switch from quarterly to six‑month earnings reports, saying the change would cut costs and refocus managers on long‑term goals.
• An SEC spokesperson said Chair Paul Atkins is prioritizing the proposal at the president’s request, and any change would require formal rulemaking and a commission vote that analysts say could take six to 12 months.
• The Long‑Term Stock Exchange plans to petition the SEC to end the quarterly mandate, and Nasdaq CEO Adena Friedman voiced support for allowing companies to report less frequently.
• Investor advocates and legal experts caution that fewer mandated disclosures could reduce transparency, increase market volatility, and invite court challenges under the Administrative Procedure Act.
• Quarterly reporting has been required in the U.S. since 1970, other markets like the U.K. and EU mandate semiannual results, and many companies may still provide more frequent updates to meet investor demand even if rules change.