Sure as h-ll does. The 14th amendment specifically says Congress has authority to enforce federal constitutional rights, through statute. This is black-letter law --- it's why Congress can - and does - pass civil rights acts, and religious freedom laws, and other rights-enforcing legislation. And the Supreme Court - including the conservatives on the Supreme Court - have acknowledged its authority to do so under the explicit language of the 14th amendment.
It is not up to Congress to decide whether the states have violated constitutional rights. It is up to the federal courts to do so. This bill, as currently proposed, will not pass constitutional muster.