Edit > Edit Original doesn't open/launch the AE project

For the past 3 or 4 years, I've had consistent issues working with 'Edit Original' in Premiere.  Anytime I try to use the feature, it launches AE but doesn't open anything.  No error messages, no projects open, just the welcome page.  I haven't had this feature work in 3 years, which is a huge impediment.

1. App versions:  Latest 24.21 for both AE and Premiere.  However, this has been an issue with the latest 2023 and 2022 versions.  

2.  Mac Studio (m1), OS 12.6.1.  I had the same issue on my 2013 Mac Pro as well.

3. Basic Steps: Right click footage, 'Edit Original', wait for AE to launch.  From there, nothing happens.

I keep the latest 2 Premiere/AE versions installed for older projects (2023 and 2024 currently).  It hasn't worked in either since about a week after I set up my new computer.  A fresh OS install seems to fix it, but only temporarily (and it's unreasonable to have to re-install the operating system to fix this.). We edit off of external drives.  I've completely given up on using the feature because it literally never works.