This is how snow days have been since 2015 or so - if you are telework ready you have to telework on a snow day or take leave. I think the bigger difference will be that OPM may be less likely to grant liberal telework, though they did today.
At our agency, supervisors were typically more willing to be lenient about having childcare on a snow day than they are generally. My kids are older now, but when they were younger, I could still work around nap time and strategically placed iPad sessions.