SFIA will be celebrating the 21st annual National Health Through Fitness Day in Washington, DC on March 10-11, 2020. The Personal Health Investment Today (PHIT) Act has been making big progress in the 116th Congress, and SFIA continues to build off momentum made from the historic success last year, when the PHIT Act passed the House.
We are confident that this is the year for PHIT, as our lawmakers are laser focused on health care spending and seeking alternative methods of reform. PHIT would allow families and individuals the opportunity to use pre-tax dollars to pay for activity-related expenses. This approach focuses on prevention, rather than costly medical treatment. Numerous studies have proven the importance of an active lifestyle, and it is paramount that our government takes action, for the future health of our nation. Click here to learn more about PHIT & register for National Health Through Fitness Day.
While President Trump has announced a trade pact with China, and will not increase List 3 tariffs from 25% to 30% on October 15, 2019 as originally planned. List 4 will go into effect in two stages, September 1st and December 15th. List 4A goes into effect on September 1, 2019 - and there will be no grace period. All products that are on the water and do not arrive to a U.S. port by September 1st will be impacted by the new tariffs. List 4B will go into effect on December 15, 2019. The U.S. Trade Representative has not yet released the key dates and information regarding the exclusion process for List 4. As soon as the USTR releases this information, SFIA will offer a program to assist with List 4 tariff exclusion petitions, just as they are currently doing for List 3 tariff exclusions. List 3 tariff exclusions were submitted on September 30, 2019, and we are waiting on results.
However, there is another opportunity for American companies to decrease tariff exposure through the Miscellaneous Tariff Bill (MTB) petition process. To learn more about the MTB, click here.
SFIA is committed to keeping members up-to-date on the biggest trends, challenges and future opportunities. As an association representing the sports & fitness market, we continue to bring in industry experts on a range of topics that will benefit and enlighten our audience. If you are interested in a webinar focused on a specific topic, please email Alli Schulman, at firstname.lastname@example.org.