The US Securities and Exchange Commission has voted 3-2 in favor of a new rule requiring more disclosure from public companies about share repurchases. Under the new rule, companies will have to provide daily tallies on their buybacks during the previous quarter, explain rationales for buybacks, and disclose any policies they have to limit insider transactions during a repurchase program. The move is intended to make it easier for analysts to compare the timing of buybacks and insider trades or to identify buybacks designed to boost executive compensation or earnings per share. However, the US Chamber of Commerce is considering litigation to block the rule from going into effect.