Trump: companies and corporations should no longer be forced to "Report" on a quarterly basis

President Donald Trump is pushing to end the long-standing requirement that public companies report their financial results every quarter, a move he says would shift corporate focus away from short-term pressures and toward long-term management.

In a Truth Social post, Trump argued that businesses “should no longer be forced to ‘Report’ on a quarterly basis” and instead file results twice a year. He said such a change would save money and allow executives to concentrate on running their companies properly. “Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!!” he wrote.

The idea of curbing “quarterly capitalism” has been floated before. JPMorgan CEO Jamie Dimon and investor Warren Buffett have criticized the short-term mindset quarterly reporting encourages, while Hillary Clinton once called it “deeply distressing.” Critics say the focus on hitting quarterly targets can cause companies to overlook longer-term opportunities.

Others argue quarterly reporting adds transparency and discipline for investors, even though regulatory burdens may have contributed to a decline in the number of public companies. Moving to semiannual reporting would require approval from the Securities and Exchange Commission, which may review the proposal in the months ahead.