PANews reported on March 30 that the White House is reviewing a proposed semi-annual corporate disclosure scheme from the U.S. Securities and Exchange Commission (SEC), indicating that the measure is nearing public release. According to a notice on the government website, the proposal was submitted to the White House Office of Management and Budget last Friday. After the White House review, the commission can vote on whether to release the scheme and solicit public comment. Subsequently, commissioners will need to vote again on the final version before the rule can officially take effect in a few months. Although the details of the plan are still unclear, SEC Chairman Atkins recently suggested adjusting the disclosure frequency based on company size. The SEC has been pushing for this reform since Trump called for changing the disclosure frequency from quarterly to semi-annually last year. Atkins pledged to expedite the scheme, saying it would save companies significant time and costs, but supporters of the existing disclosure system argue that transparency helps investors make crucial decisions.