Acknowledging the request is specific to Regulation S-X, I would appreciate the Commission considering whether the presentation of 3 years of historic income statements in Form 10-K is necessary and appropriate. Investors are buying the registrant's future performance, not the performance from 3 years ago. History may be an indicator of future performance, but that history is widely available via past filings and related database searches. In part, the Staff has already acknowledged the oldest information is not relevant by allowing registrants to skip inclusion of MD&A comparatives for the outdated periods. The reason I believe this is important to investors is because the cost of sustaining the 3-year old information becomes much higher in transactions (carve-outs), and possibly in the adoption of new accounting standards. I also note that international standards only require 2 years of cash flow / income statements, so revising this requirement would facilitate enhanced comparability. Thank you for consideration of this recommendation.