If enacted, it probably will, and that may be part of the intent, in that vaping, while unhealthy, is likely less unhealthy than smoking. Vaping is also somewhat less obnoxious to others than smoking, although it is obnoxious enough that places that do not allow smoking also tend not to allow vaping.
I.e. the FDA ideally would like smokers to quit completely, but appears to consider vaping and other forms of nicotine delivery to be less bad than smoking.