The Treasury Department announced on Monday that Social Security Commissioner Frank Bisignano will also serve as the CEO of the Internal Revenue Service (IRS).
Under the move, Treasury Secretary Scott Bessent will remain in the role of acting IRS commissioner while Bisignano will report directly to him from the newly created CEO role.
As the IRS CEO, Bisignano will manage the organization and be responsible for all day-to-day operations at the IRS. He will continue to serve as the Social Security commissioner amid the shakeup.
“Frank is a businessman with an exceptional track record of driving growth and efficiency in the private and now public sector,” Bessent said in a statement.
The treasury secretary added that the IRS and Social Security Administration (SSA) are two of the most public-facing and broadly impactful federal agencies and have similar technological and customer service goals, which made Bisignano a natural choice for the role.
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“Under his leadership at the SSA, he has already made important and substantial progress, and we are pleased that he will bring this expertise to the IRS as we sharpen our focus on collections, privacy, and customer service in order to deliver better outcomes for hardworking Americans,” Bessent added.
Bisignano was confirmed as SSA commissioner on a party-line 53-47 vote in May, and his newly-created role with the IRS doesn’t require Senate confirmation. His term at the SSA runs until January 2031.
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During his time at the SSA, the agency has expanded its customer service offerings and made Social Security’s online customer service portal accessible 24/7, as well as improved scheduling and phone services.
Before joining the Trump administration, Bisignano served as the CEO and chairman of Fiserv, a financial services and payment technology company.
Earlier in his career, he was the co-chief operating officer of JPMorgan Chase and was the CEO of its mortgage banking unit.
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