Group 1 - President Trump proposed that companies should report earnings semiannually instead of quarterly, suggesting it would save costs and allow managers to focus on long-term strategies [10][22][39] - The debate centers around the balance between reducing the compliance burden for companies and maintaining transparency for investors, with concerns that less frequent reporting could disadvantage individual investors [14][23][42] - Historical context shows that the SEC initially required semiannual reporting in 1955, but shifted to quarterly in 1970, with some European companies allowed to report semiannually in recent years [12][13] Group 2 - Advocates for semiannual reporting argue it could lead to a greater focus on long-term planning and strategy, reducing the pressure of meeting quarterly expectations [40][41] - Critics highlight that less frequent reporting could create larger information gaps, potentially favoring institutional investors over individual ones [15][42] - Research indicates mixed outcomes regarding the impact of reporting frequency on market efficiency and company valuations, with some studies suggesting that more frequent reporting leads to smaller price jumps and cheaper fundraising [16][19] Group 3 - The Long-Term Stock Exchange (LTSE) is expected to petition the SEC regarding this issue, advocating for a focus on long-term investment strategies [17] - Investor groups prioritizing transparency are likely to push back against changes that reduce reporting frequency, emphasizing the need for frequent and comparable data [18][19] - The conversation around reporting frequency is part of a broader discussion on corporate governance and the pressures faced by companies in the current market environment [60][61]