Frank Bisignano Named IRS CEO

Treasury Secretary Scott Bessent has appointed Frank Bisignano, currently the Commissioner of the Social Security Administration (SSA), to take on the new role of CEO at the Internal Revenue Service (IRS). In this position, he will oversee the day-to-day functions of the IRS while maintaining his responsibilities at SSA.

Under this arrangement, Bisignano will report directly to Bessent, who is still the acting IRS commissioner. This newly created CEO role allows the Trump administration to position someone at the IRS without needing Senate confirmation.

“As Acting Commissioner of the IRS, I’m excited to announce Frank Bisignano’s appointment as CEO of the IRS, in addition to his current role as Social Security Commissioner. Frank is a businessman with an impressive history of driving growth and efficiency in both private and public sectors,” Bessent stated on Monday.

“His leadership at SSA has already yielded significant progress in line with President Trump’s agenda. We are pleased that his expertise will now contribute to the IRS as we focus on improving collections, privacy, and customer service to benefit hardworking Americans,” he added.

Previously confirmed as SSA commissioner by a 53-47 Senate vote in May, Bisignano’s term is slated to last until January 2031. He has an extensive background, having served as co-chief operating officer at JPMorgan Chase and CEO of its mortgage banking division, as well as CEO and chairman of Fiserv, a payment processing company.

Since taking over at the SSA, Bisignano has achieved notable improvements, notably reducing call wait times from an average of 27.6 minutes in October to 4.6 minutes by July, as indicated in a letter to Senator Elizabeth Warren. He has also made strides in tackling the backlog of initial disability claims, decreasing it significantly from over 1.2 million claims in June 2024.