Do Not Panic!
There is, as yet, no pending legislation.
Yah... given the timing (just as they're handing out still more vast sums of freshly printed money to the banks), this feels a lot like "pandering to the base," i.e. trying to distract a lot of folks on the left who voted for Mr. Obama under the impression that he was some sort of progressive, rather than yet another center-right politician who's owned by Wall Street.
As Speaker Pelosi's comments make clear, Democrats in Congress DO realize that this is a non-starter.
Emails sent, anyway, to the nice folks in D.C....