Subject: File No. S7-08-20
From: John Byers

July 24, 2020

I don't feel this is the way to go, we should be making things more transparent. If you need to change the reporting level you should get that level by inflation ratio so it shouldn't be over 400,000 million. Although I believe it should stay where it is at. Enough of giving the major companies more and more leeveway. Thank you