Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), speaks with members of the media after ringing the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., Dec. 2, 2025.

Eduardo Munoz | Reuters

U.S. regulators are advancing a proposal that would allow public companies to scrap quarterly earnings reports in favor of a twice-a-year disclosure regime, a change long championed by President Donald Trump.

The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs.…