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What to know about Social Security nominee Frank Bisignano’s hearing today

March 25, 2025
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What to know about Social Security nominee Frank Bisignano’s hearing today
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President Trump’s nominee to run the Social Security Administration, Frank Bisignano, was questioned about customer service improvements, erroneous payments and the potential privatization of the agency during a Senate hearing Tuesday morning. 

Some Senators also tried to nail down Bisignano’s stance on efforts by the Elon Musk-helmed Department of Government Efficiency‘s efforts to cut costs at the agency by firing workers and closing offices. They also asked him point blank if he’d block DOGE workers from accessing Americans’ personally identifiable information, or PII.

The Social Security Administration delivers more than $1.6 trillion annually in benefits to 70 million seniors, disabled people and children, with the monthly benefit checks providing a major source of retirement income to many older Americans. At the same time, Social Security is facing a potential financial crunch, with the program set to cut benefits starting in 2035 because its spending is outpacing income.

Here’s what Bisignano said during the hearing.  

How to watch the Social Security hearing

The Senate hearing, which began at 10:10 a.m. ET, is streaming on the Senate Finance Committee’s website.

Who is Frank Bisignano? 

Bisignano has served as the chief executive of Fiserv, a financial technology company, since July 2020. Under his leadership, Fiserv’s stock price has more than doubled, while the company reported revenue of $20.5 billion for the year ended Dec. 31 2024, up from roughly $15 billion in 2020. 

Prior to serving as CEO of Fiserv, he was the chairman and CEO of First Data Corp., and oversaw the merger of First Data and Fiserv in 2019. Earlier in his career, Bisignano worked as co-chief operating officer of JPMorgan Chase & Co., and had also previously held senior positions at Citigroup.

What does Bisignano say about Social Security? 

In an interview with CNBC in February, Bisignano said he views Social Security as both a technology and services organization, while pledging not to make any changes that affect the level of benefits. 

“The objective isn’t to touch benefits,” Bisignano told CNBC. “The objective is there is going to be fraud, waste and abuse in there,” adding that he views himself as “fundamentally a DOGE person.”

During Tuesday’s hearing, the executive also said he plans to use artificial intelligence to identify and weed out fraud, waste or abuse within the system. 

He repeatedly referred to the current 1% payments error rate, which he said he believes is “dive decimal places too high.” He added that he plans to “focus on what we need to do to drive the 1% error rate down.” 

Bisignano said part of that effort will start with what he described as an unsatisfied workforce at the agency. 

“My objective is to come in and motivate the workforce we have … to be able to get our job right the first time for the American public,” Bisignano said in response to questioning.

Mr. Trump and Musk have claimed on social media and in press briefings that people who are well over 100 years old are improperly and routinely drawing benefits from Social Security, a claim that has been refuted by the acting Social Security Administration commissioner. 

The program also automatically stops payments to people who are older than 115 years old, an agency rule that has been in effect since September 2015.

On protecting Americans’ data

A key concern among some Social Security recipients and lawmakers is the potential exposure of millions of Americans’ personal data after DOGE employees accessed the agency’s systems. Bisignano claimed he is committed to protecting that data.

When Sen. Ron Wyden, a Democrat from Oregon, asked Bisignano if he would “lock DOGE out of databases” that workers have accessed, the nominee said that personally identifiable information “will not be exposed.”

“I am going to do whatever is required to protect the information,” he said.

On privatizing and agency cuts

Bisignano repeatedly said that he said that he had not thought about privatizing the agency, responding to a suggestion from Sen. Sheldon Whitehouse, Democrat from Rhode Island, that the Trump administration’s aim is to discredit the system and then send in “tech bros and private equity folks” to “save” it.

Bisignano did not explicitly commit to opposing such a scheme, but rather answered that “my job is to ensure claims are processed in the manner they should be.”

“I’ve only been given one order, which is to run the agency in the right fashion,” Mr. Bisignano said. 

Regarding customer service enhancements, Bisignano stressed the importance of meeting beneficiaries where they are, such as by providing customer service via phone as well as in person and online. He also touted his company’s experience handling 400 million phone calls per year, compared to the estimated 80 million calls that SSA fields annually. 

More from CBS News

Aimee Picchi

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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