SEC Semiannual Reporting Proposal Clears White House Review (1)

A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review.

The review, completed earlier this week according to a government website posting, will allow the SEC to formally unveil the plan and take public feedback. After receiving that input, commissioners would then need to vote again, typically months later, on a final version for the rule to take effect.

The agency has been working on the plan to revamp corporate disclosure requirements after President Donald Trump called last year to shift to ...