A newly empowered Republican Party has at least two years in Washington to overhaul everything from the tax code to border security.

Will it also make major changes to campaign finance law?

The issue has received little attention since last month’s election. But activists on both sides say they are preparing for big fights over how candidates and parties are allowed to collect and spend money, legislative battles they see as almost inevitable given the GOP’s control of the White House, Senate, and House.

Key Republicans, in fact, have already begun laying the groundwork to dramatically reshape campaign finance laws: Sen. Ted Cruz of Texas and Rep. Mark Meadows of North Carolina said last month that they will introduce legislation next year that would let a single donor contribute as much as he or she wanted to the candidate of their choice.

The bill would erase caps — which currently limit donors from giving more than $2,700 to individual general election candidates — that have existed since 1974.