An amendment to modify the provisions of the bill which exempt certain state laws from the mandated preeminence of the Employee Retirement Income Security Act, and allow states to require employers to pay workers the local prevailing wage rates for employees working on state projects. The modification would specify that the exemption would apply only to state prevailing rate laws which permit payment of the cash equivalent of employee benefit plan contributions or costs, and specifies that exemptions only apply to state laws which establish bonding or certain lien requirements for collection of delinquent contributions to multiemployer plans benefit plans.