I think this is a misleading article and headline.

My understanding is that the proposal has now been officially approved and suggested by the EU Council (one of the bodies that can ask the EU Commission to present/draft a law)

It now goes on to the EU Commission who will analyze the proposal and potentially draft a law. However, AFAIK they can also stop the proposal at this stage.

If the EU Commission decides to draft a law and it then needs to be approved by the EU Parliament and EU Council (again). Only at this point does it become law.