Subject: File Number S7-2025-01
From: Jeffrey P. Mahoney, General Counsel
Affiliation: Council of Institutional Investors

Sep. 4, 2025

Dear Secretary Countryman,

Please find a comment letter from the Council of Institutional Investors (and related Attachment) in response to the above referenced matter. Please contact me with any questions. 

Best,

Jeff

Jeff Mahoney
General Counsel
jeff@cii.org

[REDACTED]

(Attached File #1:s7202501-648667-1943834.pdf)(Attached File #2:s7202501-648687-1943834.pdf)