Trump seeks SEC study of 6-month reporting instead of quarterly

President Donald Trump hosted a meeting with business leaders in the White House

One provision of the bill includes a requirement that the SEC review the quarterly reporting requirement.

According to Mr Trump, top business leaders from around the world claimed that removing the administrative burden of such regular reporting would boost the USA economy and create jobs.


"That would allow greater flexibility & save money", he said in a post on Twitter on Friday. Many U.K. businesses have shifted to a six-month reporting schedule after the country's regulators eased requirements for quarterly reports. Putting together quarterly reports is also a huge cost for public companies, requiring resources to be directed at reporting rather than producing goods and services for the market.

"In our experience, quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability".

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