Unfortunately, a 1992 decision under a Rethug administration made the default position be that any new GMO was safe. It is up to anyone with concerns to prove that a particular GMO is unsafe, and this has been difficult to do with the producers controlling access to seeds for research purposes.
From the American Bar Association;
http://www.americanbar.org/content/newsletter/publications/aba_health_esource_home/aba_health_law_esource_1302_bashshur.html
The FDA regulates GM foods as part of the coordinated framework of federal agencies that also includes the Environmental Protection Agency (EPA) and the United States Department of Agriculture (USDA).16 This framework, which has been the subject of critical analysis and calls for redesign,17 is available online18 and contains a searchable database that covers genetically engineered crop plants intended for food or feed that have completed all recommended or required reviews.19 The FDA policy (unchanged since 1992)20 places responsibility on the producer or manufacturer to assure the safety of the food, explicitly relying on the producer/manufacturer to do so: Ultimately, it is the responsibility of the producer of a new food to evaluate the safety of the food and assure that the safety requirement of section 402(a)(1) of the act is met.21 So it is the company, not any independent scientific review, providing the research that is relied on to assert safety. FDA guidance to industry issued in 1997 covered voluntary consultation procedures, but still relied on the developer of the product to provide safety data.22 There is currently no regulatory scheme requiring GM food to be tested to see whether it is safe for humans to eat.23
The FDA approach can be understood as the result of having a dual mission. In addition to its mission to protect food safety, the FDA was charged with promotion of the biotech industry.24