[U.S. SEC Proposal to Change Quarterly Reports to Semi-Annual Reports Passes White House Review] According to Jin10, a plan by the U.S. Securities and Exchange Commission (SEC) to allow publicly listed companies to reduce the frequency of financial report disclosures from quarterly to semi-annually has passed White House review, moving closer to implementation. Based on information from the government website, the review was completed earlier this week, enabling the SEC to formally announce the plan and solicit public feedback. After receiving comments, the commissioners will need to vote again on the final version before the rule can take effect. Such votes typically occur months later. Since U.S. President Trump called for changing quarterly reports to semi-annual reports last year, the SEC has been advancing this reform of corporate information disclosure requirements. Since 1970, U.S. publicly listed companies have been required to disclose financial information on a quarterly basis.