Trump Advocates for Semiannual Earnings Reporting: A Shift in Corporate Transparency?

In a recent statement on Truth Social, former President Donald Trump proposed a significant change to the financial reporting requirements for U.S. corporations. He suggested that companies should be allowed to report their earnings every six months instead of the current quarterly schedule mandated by the Securities and Exchange Commission (SEC). This proposal, if approved, could reshape the landscape of corporate America and align U.S. practices more closely with those in the United Kingdom and several European Union nations.