At the lower limit of 0 cards in hand, this is a Fact or Fiction for 1U. That alone is hugely problematic.
At 0 cards in hand, it is Fact or Fiction for 1U, and at 1-2 cards, you're still ending up with +0-1 CA but some pretty solid card selection. Only at 3+ cards does it start to decline in quality, and you wouldn't play this card unless your hand is full of junk at 5+ cards (though, you might if it is).
Frankly, I think the effect is fine, but I think the card itself is undercosted by at least 1, if not 2, and to be honest I'm not sure that it should be instant speed at all - a card that can give +2 CA is pretty much never going to be instant-speed under modern design rules, especially not via the means of drawing cards.