The SEC has proposed requiring that public companies report earnings two times a year instead of four. NYSE The SEC is proposing that companies report earnings twice a year instead of four times. A proposed rule released Tuesday would cut the number of mandatory reports. It's the latest step toward enacting a proposal that Donald Trump suggested last year. The Securities and Exchange Commission is taking a major step toward allowing companies to report earnings twice a year. A new proposed rule from the SEC would cut the required reporting obligations for public companies from the current four times a year, according to a statement that the regulator issued Tuesday. Under the proposal, companies could file one semiannual report and one annual report for each fiscal year. That would overhaul the current requirement for companies to file one annual report and three quarterly reports each year.…