Story perspectives

Frank Bisignano to Oversee Expanded Trump Accounts Program

7/16/2026

Summary

Story summary

Frank Bisignano, Social Security Administration commissioner, was appointed to lead the Treasury’s expansion of Trump Accounts.
The Treasury confirmed his authority to oversee the Trump Accounts program in Washington, D.C.
Bisignano will continue as chief executive of the Internal Revenue Service and as SSA commissioner while running the program.
Trump Accounts, launched July 4, let families contribute $5,000 per year for children under 18 into tax-deferred accounts.

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Story summary

Frank Bisignano, Social Security Administration commissioner, was appointed to lead the Treasury’s expansion of Trump Accounts.
The Treasury confirmed his authority to oversee the Trump Accounts program in Washington, D.C.
Bisignano will continue as chief executive of the Internal Revenue Service and as SSA commissioner while running the program.
Trump Accounts, launched July 4, let families contribute $5,000 per year for children under 18 into tax-deferred accounts.