Subject: File No. S7-08-20
From: Robert P Scott

July 22, 2020

Though the reporting limit specified in the law should be adjusted due to the amount of time that has passed since it was enacted, it is absolutely unacceptable for the change to be any more than an adjustment for inflation.

This proposed change, with its excessively high qualification limit, is an anti-transparency action that will be publicized and used against the Trump campaign should it be enacted.

Either lower the qualification to $400M, or abandon the change completely.