The purpose of this legislation, known as the Tipped Income Protection and Support Act (TIPS Act), is to amend the Fair Labor Standards Act of 1938 by eliminating the separate minimum wage for tipped employees. The goal is to ensure that all workers receive the same minimum wage, regardless of whether they earn tips. One of the key provisions of the TIPS Act is the repeal of the lower minimum wage that currently applies to tipped employees. Instead, these workers would receive the standard minimum wage, which is set by federal law.