On March 8, 2021, President Biden issued Executive Order (EO) 14021, Guaranteeing an Educational Environment Free from Discrimination on the Basis of Sex, Including Sexual Orientation or Gender Identity. EO 14021 requires the Secretary of Education to review all existing regulations, orders, guidance documents, policies, and any other similar agency actions that are or may be inconsistent with the policy of the EO, and to consider suspending, revising, or rescinding—or publishing for notice and comment proposed rules suspending, revising, or rescinding—those agency actions that are inconsistent with the policy stated. If necessary, the Secretary of Education will enforce the policy through appropriate legal actions. See also EO 13988, Preventing and Combating Discrimination on the Basis of Gender Identity or Sexual Orientation.
UPDATE: To the Equality Act, H.R. 5 (Original Summary Posted Below on March 3, 2021)
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