I'm bummed because I could see something like this getting signed into law, undoing a natural market correction. However, I have not kept up with politics. Is it possible there are financially-responsible, patient senators? Ah crap, what am I saying?
Congress often passes measures for purely political purposes knowing full well that either the other house of congress or the president will kill the measure. I doubt the stuff in this bill will become law.
IR, never underestimate a politician's desire to "do something" in the name of helping voters, nor the natural tendency of the masses to demand rescue from their own actions.