Federal GMO labeling Bill - yay?

http://www.anh-usa.org/gmo-labeling-bill-introduced-in-congress/

"The Genetically Engineered Food Right-to-Know Act was introduced last Wednesday in both the Senate and the House of Representatives. The bill, sponsored by Sen. Barbara Boxer (D-CA) and Rep. Peter DeFazio (D-OR) with nine cosponsors in the Senate and twenty-two in the House, would require food manufacturers to clearly label any product that has been genetically engineered or contains genetically engineered ingredients, or else the product would be classified as “misbranded” by the FDA."