Frank Bisignano, commissioner of the US Social Security Administration nominee for US President Donald Trump, during a Senate Finance Committee confirmation hearing in Washington, DC, US, on Tuesday, March 25, 2025. Photo: Daniel Heuer/Bloomberg
At a Senate Finance Committee confirmation hearing on Tuesday, Fiserv CEO Frank Bisignano, President Donald Trump’s pick to lead the Social Security Administration, said he’s “never thought about privatizing” the agency, which has become a prime target of Elon Musk’s Department of Government Efficiency (DOGE) cost-cutting crusade.
“The commissioner’s job is to ensure that the agency operates correctly,” Bisignano said, in response to Sen. Maria Cantwell’s question about privatization. “I want to provide all the information required by the Senate, and by anyone else, in order to make these decisions, but I don’t believe I’m a decision maker.”
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast, American Media and Harris Publications.
