No, you have misunderstood. It's mandating Apple provide tools that bypass locks that Apple put in place to prevent repair.
User info should be locked away by the entity to whom the information was entrusted in the first place. In this case Apple. Yes, if you buy an iPhone and use it access/generate information then it is by definition already entrusted to Apple. Don't like it? Don't buy an iPhone. Better yet, go use a self-built Linux PC. Forgo smart phones altogether.