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Bessent taps Social Security boss Bisignano to do double duty as IRS CEO
Yahoo Financeยท 2025-10-06 14:31
Core Points - Treasury Secretary Scott Bessent has appointed Frank Bisignano, the current commissioner of the Social Security Administration, to also lead the Internal Revenue Service (IRS) as its chief executive, allowing him to avoid the Senate confirmation process [1][2] - Bisignano is expected to focus on upgrading IRS technology and enhancing electronic tax filing capabilities, aligning with the administration's goals for the agency [2][4] - An immediate challenge for Bisignano will be managing the IRS operations during the current government shutdown while preparing for the early 2026 tax filing season [3][4] Group 1 - The IRS is reportedly operational for the first five business days of the shutdown due to funds outside of annual appropriations, but future operations remain uncertain [4] - Bessent highlighted that both the IRS and Social Security Administration share similar technological and customer service goals, making Bisignano a suitable choice for the IRS role [4][5] - Bisignano's previous experience includes leadership roles at Fiserv, JPMorgan Chase, and Citigroup, which may contribute to his effectiveness in the new position [5][6]