Hi @Bill King ,
Unfortunately, these two requirements cannot be realized at the same time. According to site sharing settings, only users with Edit permissions can share files and folders. Users have custom permissions and do need approval to share. This is by design. It is for information security reasons.
To address your concern about the issue, we’d suggest you go to feedback on this issue, this is the best platform to let us hear from you and make our products and services better for you and others. Microsoft values its customer feedback and a lot of features have been developed and suggested by customers via feedback. Your feedback is also very important. I am sure SharePoint developers are working on this. Our Product Team is in-charge of the site and they are constantly checking the comments and feedback from our customers.
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