Back
Trump Proposes Shift From Quarterly to Semiannual Corporate Reporting

Trump Proposes Shift From Quarterly to Semiannual Corporate Reporting

Donald Trump reiterated his call for companies to switch from quarterly to semiannual reporting, arguing the change would reduce costs and help executives concentrate on business operations if approved by the SEC.

Fact Check
The evidence clearly and consistently shows that in August 2018, President Trump publicly asked the SEC to study shifting from quarterly to six-month (semiannual) reporting for public companies. Sources from the WSJ, Wharton, and SEC filings directly refer to this as a request or proposal from Trump.
    Reference: 123
Summary

Donald Trump restated on Truth Social that companies should replace quarterly financial reporting with semiannual disclosures, subject to SEC approval. He emphasized the move would cut compliance expenses and allow executives to focus more on running their businesses effectively.

Terms & Concepts
  • SEC Approval: The process by which the U.S. Securities and Exchange Commission grants authorization for changes in corporate reporting or financial disclosure requirements.
  • Quarterly Reporting: A financial disclosure practice where publicly traded companies release performance reports every three months.
  • Semiannual Reporting: A financial reporting schedule where companies release performance and operational data twice a year instead of quarterly.