President Trump suggested on Monday that public companies should report earnings every six months instead of quarterly, arguing it would save money and let managers focus on running their businesses.

He compared U.S. practices unfavorably to China’s long-term approach, though Chinese companies also report quarterly.

Any change would require SEC approval, as quarterly reporting has been mandatory since 1970, The Hill has reported.

This proposal follows Trump’s previous calls to alter how U.S. economic data, like monthly jobs reports, is released.