Initially, I thought "what a disaster". This was bound to result in even lower approval for Biden.
And then I thought about the political angle. If it gets rejected in Congress, then Biden will blame Republicans for blocking his solutions. And if it goes thru, then Biden will blame gas stations for gouging (which he's been teeing-up for months). So, purely a political calculation.
I doubt it makes hay. But when you can't actually do anything in the short-term, this is a bold political move. Nevermind Biden's policies haven't been felt yet, but WILL be felt in the coming years.