Obama made the announcement at a White House press conference, Xinhua reported.
He said he will discuss with Biden the proposals in greater detail.
Obama asked Biden to head his gun-control task force after the shooting at the Sandy Hook Elementary in Connecticut that killed 20 children.
Biden met stakeholders in a number of areas to develop a set of proposals to curb gun violence.
According to media reports, the proposals may include renewing an expired assault weapons ban, as well as tightening limits on the magazine capacity for semi-automatic weapons and background checks.
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