To amend the Service Contract Act of 1965 to provide for the responsibility in certain cases of a parent corporation of a Federal contractor to provide health care benefits to retired employees of the contractor if the contractor fails to provide such benefits.

Amends the Service Contract Act of 1965 to require to be included within service contract labor standards a provision specifying that if the contract or applicable collective bargaining agreement required that the contractor provide health care to contractor employees performing work under the contract and the employees retired before the contract was terminated, the parent corporation shall be responsible for the provision of such health care coverage to such retired employees if the contractor fails to do so.