President Barack Obama signed landmark legislation Monday giving the Food and Drug Administration new power to regulate the manufacturing, marketing and sale of tobacco. The Family Smoking Prevention and Tobacco Control Act gives the FDA power to ban candy-flavored and fruit-flavored cigarettes, widely considered appealing to first-time smokers, including youths. It also prohibits tobacco companies from using terms such as "low tar," "light" or "mild," requires larger warning labels on packages, and restricts advertising of tobacco products. It also requires tobacco companies to reduce levels of nicotine in cigarettes, CNN reported. The new law "represents change that's been decades in the making," Obama said during a bill-signing ceremony in the White House Rose Garden. "The decades-long effort to protect our children [has] emerged victorious. ... Today, change has come." Despite a significant decrease in the percentage of Americans who smoke in recent decades, more than 400,000 Americans still die from tobacco-related illnesses every year, the president noted. Tobacco-related health care costs exceed $100 billion annually.