One in five Americans smoke. Thousands of kids under 18 get addicted to cigarettes every day. We spend $100 billion a year on healthcare costs for smoking-related diseases. And up until today, the federal government has had limited power to step in and regulate the tobacco industry.

President Obama signed the Family Smoking Prevention and Tobacco Control Act this afternoon, giving the Food and Drug Administration (FDA) the authority to start running the tobacco show. Changes that are expected to take place:

• The amount of nicotine allowed in cigarettes will be lowered (it's the addictive element of tobacco)
• Graphic warnings on cigarette packaging (maybe like those horrible anti-smoking commercials?)
• No more flavored smokes (like cherry and other flavors marketed toward kids)
• Tobacco companies will have to disclose ingredients (there's more than tobacco in most cigarettes)
• Advertising will be restricted (no more adorable characters like Joe Camel)

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