The modifications to Dodd-Frank included in the recent omnibus bill marks what could be the first in a series of attempts to modify the regulatory legislation. With Republican majorities taking hold in the House and Senate and some Democrats showing willingness to compromise on the legislation, Wall Street advocates see an opportunity to secure less restrictive regulations. Among the likely flashpoints is a proposal to restructure the CFPB by allowing Congress to set its budget and setting agency policy with a bipartisan commission rather than a single director. Regulatory relief is also a likely target, including new requirements that agencies pursue more cost-benefit analysis when writing rules.