; and (E) 115 percent, for a metropolitan statistical area or nonmetropolitan portion with a regional price parity of not less than 110. (3) In this subsection: (A) The term metropolitan statistical area means a geographic area, defined by the Office of Management and Budget for statistical purposes, containing a large population nucleus and adjacent communities having a high degree of social and economic integration with that nucleus. (B) The term nonmetropolitan portion means any county (or portion thereof) which is not within a metropolitan statistical area. All nonmetropolitan portions of a State shall be treated, in aggregate, as a single nonmetropolitan portion for the State. (C) The term regional price parity means the regional price parity for a metropolitan statistical area or nonmetropolitan portion determined by the Bureau of Economic Analysis of the Department of Commerce for the most recent year for which data are available. In determining regional price parities for purposes of this subsection, the Bureau of Economic Analysis shall use the same methodology used to determine such parities for the most recent year for which such parities were reported by the Bureau before the date of the enactment of this subsection. . 3. Repeal of separate minimum wage for tipped employees Subparagraph (A) of section 3(m)(2) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 203(m)(2) ) is amended to read as follows: (A) The wage required to be paid to a tipped employee shall be the wage set forth in section 6(a)(1). . 4. Repeal of separate minimum wage for newly hired employees who are less than 20 years old Section 6(g)(1) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206(g)(1) ) is repealed. 5. Effective date The amendments and repeals made by this Act shall take effect on the first day of the third month that begins after the date of the enactment of this Act.