SEC Semiannual Reporting Plan Advances to White House for Review

The White House is reviewing a proposal from the Securities and Exchange Commission tied to semiannual corporate disclosures, a key hurdle that signals the agency is close to making the measure public.

The proposal was received by the White House’s Office of Management and Budget on Friday, according to a posting on a government website. Once that White House review is finished, the commission can then vote to release the plan and take public feedback. Commissioners would then need to vote again on a final version, possibly months later, for the rule to take effect.