Treasury Secretary Scott Bessent will permanently serve as the Commissioner of the Internal Revenue Service, an arrangement that will see Frank Bisignano appointed to the newly created position of IRS CEO, according to sources familiar with the decision.
Bessent assumed leadership of the tax agency on a temporary basis in August, after President Donald Trump removed Billy Long from the post just two months after his confirmation. The move is unprecedented, as no previous Treasury Secretary has simultaneously led the IRS, raising concerns about the potential politicization of the agency. Long has since been nominated to serve as the U.S. ambassador to Iceland.
While Bessent will remain the agency’s commissioner, Bisignano will oversee all day-to-day operations as CEO. Bisignano will take on this new responsibility while continuing to serve as the Commissioner of the Social Security Administration. Both officials are expected to hold these dual roles indefinitely.
Bisignano brings extensive experience from the private sector, having previously served as president and CEO of Fiserv, a leading financial technology company where he oversaw its 2019 merger with First Data. His career also includes senior leadership positions at JPMorgan Chase, where he was co-chief operating officer and CEO of mortgage banking, as well as various roles at Citigroup.
In addition to his responsibilities at the Treasury and the IRS, Bessent is also leading the search for a successor to Federal Reserve Chair Jerome Powell, whose term expires in May 2026. Bessent recently confirmed that an initial list of 11 candidates is expected to be narrowed down to three to five finalists for the president’s consideration this week.
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