No, of course I don’t want him to have that power. But, this provision doesn’t GRANT him that power - the debt ceiling increase itself does. This provision theoretically grants Congress the ability to stop him from doing so. It’s a meaningless provision (since, as you say, the chances of this congress stopping him with a 2/3 majority are slim to none). But this provision is not the harmful one here - the harmful provision is the debt ceiling suspension itself.
My understanding is that only lasts until Feb 8th.
/johnny