I think the title is a bit misleading.
The mandate is for intelligent speed assistance. I own a car with such a feature and I think it's already pretty common in higher-end vehicles even without the mandate.
The form it takes in my car is that there's a little symbol with the current speed limit displayed on the HUD. The speed limit is sourced from road signs or the car's navigation data. When you exceed the speed limit, the symbol turns red. Unless you engage "cruise control", that's it.
If you do engage "cruise control", a few things happen. First, when the speed limit changes, the targeted cruise control speed will change and the car will either gently accelerate or gently decelerate (think 1kph of change in speed every second or so). You can always choose to override this by using the pedals, changing the set speed manually or turning it off.
Another thing the car will do is use radar to maintain distance between you and the car in front of you (the distance is somewhat configurable), which will also mean maintaining speed and coming to a stop if the car in front of you does.
However if you never turn on "cruise control", the feature is nothing but an easy to ignore red symbol on your HUD.
I really like the feature. Combined with other features like lane keeping assist, it makes driving on the motorway quite relaxing (though you still need to pay attention, this isn't meant to allow you to fall asleep at the wheel or anything).