Project Summary: Today the Food and Drug Administration proposed a food label makeover. Jeff Pegues tells us it's a reality check that some feel is long overdue. >> What and how people eat have changed. Now for the first time in two decades the labels on foods will change too. The calories will be featured more prominently and any added sugars or sweeteners will be listed as well. FDA Commissioner Margaret Hamburg. >> We're also asking for a change in serving size to reflect the realities of what people are eating. >> Here's what that means. The label on this pint of Ben and Jerry's chocolate chip cookie dough ice cream says each half cup serving has 280 calories, and 25% of the fat we should eat every day. Under the FDA proposal the serving size would be a more realistic cup. Which means each serving would contain 560 calories and 50% fat. At least publicly the food and beverage industry has been supportive. The Grocery Manufacturers Association says it's critical that any changes ultimately serve to inform and not confuse consumers. Some beverage companies like Pepsi-Co. have already made changes, but what may be difficult for the industry to swallow, the overall price tag. A senior Obama administration official says the cost of implementing the changes could reach $2 billion. First Lady Michelle Obama is a driving force behind the new labels. >> As consumers and as parents we have a right to understand what's in the food we're feeding our families, because that's really the only way we can make informed choices. >> This is just a proposal so there will be a public comment period, Nora the FDA says it may be 2 years before consumers see these new labels on food in stores. That's the transcript of the video above 1. Prior to this chapter and video, when you would read a label what information did you focus on? 2. Do current labels supply all the information you need to make food decisions? 3. What would you change about the current labels if you were in charge at the USDA? 1 page double spaced.