Things you need to know about Trump’s candidates to lead social security
R-Tenn. Senator Marsha Blackburn of Social Security, Medicare, breaks down bipartisan laws seeking to protect seniors from the efforts of Doge and Elon Mussks, dating app fraud to stop Social Security, Medicare, and Medicaid fraud.
president Donald Trump’s The candidate, who serves as a commissioner for the Social Security Agency (SSA), testified at a confirmation hearing Tuesday before the Senate Finance Committee.
In December, Trump nominated Fiserv CEO Frank Vignano To serve as Social Security leader before the president takes office in his second term.
At the time, Trump wrote in a post about True Social that Visignano “has a long career leading financial services institutions through major transformations,” and he wrote that he “is responsible for realizing the agency’s commitment to the American people for generations to come.”
Bisignano has been the CEO of a financial payment technology company since 2020, and Fiserv’s shares have more than doubled over the past five years, up over 137% over that period.
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President Donald Trump was nominated for Fiserv CEO Frank Bisignano and served as the Social Security Agency’s commissioner. (Owen Hoffmann/Patrick McMullan via Getty Images/Getty Images)
Before Vignano appeared Fiserv CEOhe is CEO of First Data Corp. and merged with Fiserv in 2019. He led First Data’s $2.6 billion IPO in 2015.
Early in his career, Bisignano worked as co-chief operating officer of JPMorgan Chase and as CEO of the company’s mortgage banking. While at JPMorgan, Bisignano helped integrate Bear Stearns and Washington Mutual after the company acquired the distressed financial institution. He also led negotiations for the acquisition of JPMorgan’s Canary Wharf Property in London.
He previously worked in a senior role at Citigroup, where he served as the company’s Chief Management Officer and CEO of the Global Transaction Services Unit during his tenure.
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Frank Bisignano led its first data to an IPO in 2015. (Yana Paskova / Getty Images / Getty Images)
Republican senators have taken Vignano’s private sector experience. Social Security Bureau.
Senate Finance Committee R-Idaho Chairman Mike Krapo said Visignano’s “decades of leadership in the private sector specializing in financial services and payments will qualify for future tasks.”
Democrat senators are expected to push Vignano over the Trump administration’s social security plan. D-Mass, a ranking member of the Senate Finance Committee. and D-ore. Sen. Ron Wyden of the company sent a letter to Vignano ensuring the White House would not purify Social Security and refrain from closure of agency offices that would increase travel time for beneficiaries.
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Warren and Wyden also asked Bisignano to reverse the agency layoffs that led to increased customer service wait times for beneficiaries and resulted in reversing the rules that required phone applicants to verify their identity directly. They also asked if he would remove the individuals he allied Government Efficiency Bureau Leader Elon Musk.
Social Security Agency Chairman Lee Dudek is expected to continue leading the agency on a temporary basis until he holds a confirmation of Vignano’s role in the Senate.