The proposed bill, titled the "Tip Sharing Policy Act," aims to align state regulations on tip pooling with the federal Fair Labor Standards Act (FLSA). Specifically, it repeals the existing state law, RSA 279:26-b, and replaces it with new language that stipulates that the pooling and sharing of tips among employees will now be governed by the provisions of the FLSA and its associated regulations. This change effectively removes any state-specific restrictions on tip pooling, allowing for a more standardized approach in accordance with federal guidelines.

The bill includes the deletion of the previous state law regarding tip pooling and the insertion of language that explicitly references the FLSA and its regulations, including specific sections that outline the rules for tip pooling. The act is set to take effect 60 days after its passage, ensuring that the new regulations are implemented in a timely manner.