Trump Administration Advances Shift From Quarterly To Biannual Corporate Reporting

President Donald Trump has renewed his proposal to end the mandatory quarterly earnings reports for publicly traded U.S. companies, advocating for biannual reporting to reduce costs and allow management to focus on long-term growth. He highlighted the potential benefits of aligning U.S. reporting with systems like China's, which emphasizes longer-term management focus, and noted that this change could relieve companies, especially smaller ones, from the burdensome costs and time demands of quarterly reporting. The Securities and Exchange Commission (SEC), under Chair Paul Atkins, has expressed willingness to prioritize reducing regulatory burdens, potentially moving toward a European-style six-month reporting cycle by 2027. While some investors and analysts remain skeptical, arguing that quarterly disclosures are vital for transparency and timely information, proponents emphasize that the current uniform quarterly requirement imposes disproportionate costs on smaller firms and encourages short-termism. The Long-Term Stock Exchange CEO and several commentators support the shift, citing the need for corporate governance reforms that accommodate diverse business models and foster long-term planning. Trump's renewed push carries more momentum this time due to closer White House involvement in SEC policy and a regulatory environment more conducive to reform.