07:07 AM EDT, 09/16/2025 (MT Newswires) -- The US Securities and Exchange Commission is prioritizing President Donald Trump's proposal to lower the frequency of corporate earnings requirement from a quarterly basis to semi-annually, multiple media outlets reported Monday, citing an SEC spokesperson.

Trump said in a Truth Social post Monday that companies and corporations "should no longer be forced" to report quarterly earnings and instead opt for a six-month reporting period.

"This will save money, and allow managers to focus on properly running their companies," Trump added in the post.

"At President Trump's request, Chairman [Paul] Atkins and the SEC is prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies," CNBC reported Monday, citing an SEC spokesperson.

TD Cowen's managing director Jaret Seiberg anticipates there is a 60% chance that the SEC will implement the method of six-month reporting cycle since it is an easy policy win for Chairman Atkins, which is also in line with his deregulatory focus, Bloomberg reported, citing Seiberg.

The SEC did not immediately respond to MT Newswires' request for comment.