The U.S. Securities and Exchange Commission's (SEC) proposal for a semi-annual corporate disclosure scheme is currently under review by the White House Office of Management and Budget. Submitted last Friday, this proposal marks a significant step towards altering the current quarterly disclosure system. Following the White House's review, the SEC will vote on whether to release the proposal for public comment, with a final vote required before implementation. SEC Chairman Atkins has indicated that the proposal may adjust disclosure frequency based on company size, aiming to reduce costs and time for companies. This initiative follows a push from Trump to shift from quarterly to semi-annual disclosures, though it faces opposition from those who believe frequent disclosures are vital for investor transparency.