Wall Street’s top regulator on Tuesday proposed ending quarterly earnings reporting requirements for U.S.-traded companies and allowing them to switch to twice-annual reports.

President Donald Trump raised the idea during his first term ​and it re-emerged as an administration priority, opens last September.

The Securities and Exchange Commission wants to ​give publicly traded companies the option to file their earnings twice annually, ⁠a move that would end a 55-year-old requirement that U.S. public companies share detailed financial ​results four times a year, within 45 days of the end of their fiscal quarters.