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No, they do not. There are no laws that protect consumers if they do not want to eat GMOs. The consumers' only choice if they wish to avoid eating GMOs is to stop eating lots of foods that may contain GMOs.
GMOs (genetically modified food) may create allergies.
I just wrote an article that talks about GMOs. The GMO rice, called golden rice, is described under the section "GMOs Can Improve Nutrition."
GMOs are transgenic organisms. A gene is taken from one species and forced into another, which is what creates a transgenic organism.
To be fair, it was not Obama that made GMOs legal. President George W. Bush (and possibly presidents before him) was very supportive of GMOs and the FDA has responsibility of approving them. As for whether Obama and his family eat GMO foods, no one knows.