The passage of the Big Beautiful Bill presented a mixed bag for industry initiatives, easing concerns on public land sales while failing to institute the long-championed PHIT Act and setting a new course on certain firearms restrictions. The PHIT Act, first introduced in 2006 as a means to use pre-tax funds in FSAs and HSAs to pay for sports and fitness activity fees and equipment, was included in the "Investing in Health and American Families and Workers" section of the House version, which passed in May. The House inclusion, which allowed ... Log in to view full article.