Bisignano will report directly to Scott Bessent, U.S. Secretary of the Treasury and Acting Commissioner of the IRS. As CEO, he will be responsible for managing the day-to-day operations of the IRS while continuing to lead the SSA. The two agencies share similar technology and customer service goals, according to Treasury.
“Under his leadership at the SSA, he has already made important and substantial progress, and we are excited that he will bring this expertise to the IRS as we sharpen our focus on collections, privacy and customer service to deliver better outcomes for hardworking Americans,” Bessent said in a statement.
Bisignano, a longtime finance executive, previously served as chairman and CEO of Financial Services and Payments Company Fiers. Previously, he was co-chief operating officer and CEO of the Mortgage Banking Unit JPMorgan Chase.
Bisignano is the latest Trump official to oversee multiple federal agencies.
Under the Trump administration, an IRS rule change required employees who earn more than $145,000 to make 401(k) catch-up contributions to Roth 401(k) accounts—meaning taxes are paid up front instead of in retirement. The rule generally applies starting in 2027, although some plans may adopt it sooner.
Meanwhile, the SSA recently stopped paper check payments starting September 30, affecting about 500,000 beneficiaries. Paper checks are 16 times more likely to be lost or stolen than electronic payments and cost the government more per transaction, the SSA claims.
#Treasury #appoints #Bisignano #dual #IRS #SSA #roles