Trump wants to end a half -century age mandate on how to report companies

In fact mail On Monday, he said that only companies should be asked to publish profits every six months, pending the approval of the American Securities and Stock Exchange Committee. This change would break the mandate of the quarterly reports that have been present since 1970.

“This will save money, and allow managers to focus on managing their companies properly,” Trump wrote.

Trump added that China has a “view of 50 to 100 years about the management of the company”, unlike American companies required to report four times in the fiscal year. The Hong Kong Exchange allows companies to provide voluntary quarterly financial disclosures, but only requires them to report their financial results twice a year.

During his first term, Trump publicly to request SEC on X, then it is still known as Twitter, to study Transfer the disclosure company From a quarterly to semi -annual basis, the saying of business leaders felt that less frequent reporting would allow more flexibility and long -term planning.

he He said Journalists at the time obtained the idea of ​​the CEO.

Trump said in 2018: “It was logical to me because we do not think much,” Trump said in 2018.

No change came from the Supreme Education Council.

A discussion that was revived

” luck.

For his part, SEC President Paul Atkins explicitly called More transparency He also took control of the organizational body this year.

But companies continue to pay. Last week, the San Francisco has a long -term stock exchange, it plans to submit a seam to SEC to end the quarterly reporting requirements. Companies focus on the exchange lists on long -term goals.

Critics argue this step that it may reduce transparency for investors.

Chad Kamings, a comprehensive peace agreement and lawyer in Kamings and Cammings Lu, said, luck Corporate semi -annual reports can hide “red flags” such as the deterioration of cash flows or sudden changes in the audit language, which can lead to non -existing practices such as hiding liquidity crises, accounting fraud, and revenge on informants.

“Removing the evaluation of quarterly profits evaluation and the power tends to the informed,” added Kamings, who has an active discussion of tax and bankruptcy courts in the United States.

The SEC approval will face internal resistance, legal barriers, and potential litigation, because the SEC’s investor protection state requires the current “currently”.

If the organizers stop asking companies to report each quarter’s profits without a clear legal authority, the decision may be appealed in the court under the Administrative Procedures Law, a federal law that rules how the American administrative agencies create regulations.

Meanwhile, Haley also said that Trump’s gesture to the delegations of the financial disclosure of China miss this point.

“The United States is not China,” she said. “Our markets derive their global strength and dominance through transparency, protection of investors, and long traditions of disclosure … weakening these handrails, while calling the risk of competence, undermining investor confidence, and establishing American capital markets, which China does not own.”

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