The purpose of this legislation, known as the Holiday Pay Act, is to amend the Fair Labor Standards Act of 1938. Its main goal is to ensure that employees who work on legal public holidays are compensated at a rate of at least one and a half times their regular pay. This change aims to provide fair compensation for employees who are required to work during these designated holidays. Key provisions of the act include defining "legal public holiday" based on existing federal law and establishing a new requirement for employers.