Subject: File Number S7-23-19
From: Paul Cavanaugh

Jan. 30, 2020


Vanessa Countryman,
As a taxpayer I am appalled that the government is stacking the deck, once again, in favor of fat cats over the rest of us. It's disgusting. As someone with a modest portfolio, I have decided to sell all of my stocks if this goes through. I'll be watching this carefully.
Paul Cavanaugh