President Biden has signed an Executive Order on Guaranteeing an Educational Environment Free from Discrimination on the Basis of Sex, Including Sexual Orientation or Gender Identity (March 8th, 2021).
The EO requires the Secretary of Education to review the Trump Administration rule “Nondiscrimination on the Basis of Sex in Education Programs or Activities Receiving Federal Financial Assistance,” 85 Fed. Reg. 30026 (May 19, 2020).
Any efforts to repeal or significantly change the rule would likely need to go through the formal rulemaking process.