; and (C) for each succeeding 1-year period after the increase made pursuant to subparagraph (B)(ii), the minimum wage in effect under section 6(a)(1); and . (b) Tips retained by employees Section 3(m) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 203(m) ) is amended— (1) in the second sentence of the matter following paragraph (2), by striking of this subsection, and all tips received by such employee have been retained by the employee and inserting of this subsection. Any employee shall have the right to retain any tips received by such employee