Correct.
Once the FDA decides to deem them a tobacco product, then the crap hits the fan and they will be able to regulate e-cigs out of existence if they so choose.
AEMSA started as a vendor based organization to try to put Standards in place. Some vendors joined quite a few did not. The fees are really kind of high.
AEMSA | American E-Liquid Manufacturing Standards Association
The industry does need standards, we do not need regulation. Cleanliness, accuracy and common sense. Labels and the option of childproof caps for the households that need them. At least give the choice of not having childproof caps for those that have arthritis, or something similar, that cannot open those darn caps. Also a lot of us no longer have children living in the house and when they do visit, we know enough to keep the stuff out of their reach.
Standards I can live with. Regulations? No.