Trump Wants to End Quarterly Reporting for Companies

Tired of reading quarterly reports? President Donald Trump is paying attention to this matter.

Trump on Monday morning wrote on Truth Social that he would prefer companies to be required twice a year, instead of quarterly. The notion, he says, is that fewer reports would mean more time for managers to run their companies—though it would inevitably also mean less regular disclosure about publicly traded companies—and less expense associated with compliance.

“Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis.’ This will save money, and allow managers to focus on properly running their companies,” he wrote.

The Securities & Exchange Commission began requiring quarterly reporting in 1970. A change would be subject to SEC approval, Trump said.

For more information from Investopedia on quarterly reporting, start here. And here’s some information on annual reports.