The Trump administration is contemplating renominating Brian Quintenz, a former House aide and manager of D.C.-based Saeculum Capital Management, to the Republican vacancy on the Commodity Futures Trading Commission, the Wall Street Journal reports.

The move would give Quintenz a second chance at the same seat on the top U.S. derivatives regulator.

He was first selected by the Obama administration last year, but lawmakers failed to confirm him on the Senate floor.

Quintenz is among the financial appointees who could ease Wall Street regulations after years of strict supervision under Democrats, the Journal said.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click hereto listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)