The main purpose of this legislation, known as the Tipped Employee Protection Act, is to update the definition of "tipped employee" within the Fair Labor Standards Act of 1938. This change aims to provide clearer guidelines regarding how tipped employees are classified and compensated. Key provisions of the Act include a revised definition of a tipped employee. Instead of relying on the previous standard, which required employees to receive more than $30 a month in tips, the new definition allows for a broader interpretation.