White House says moratorium on new DME suppliers will give CMS "space" to hunt fraud, urges banks to 'follow the money'

A presenter said the White House fraud task force, under the vice president's leadership, "imposed a national moratorium on new durable medical equipment suppliers," a pause the speaker said is intended to give the Centers for Medicare & Medicaid Services (CMS) room to investigate alleged fraud.

The presenter called banking cooperation central to stopping the schemes: "That's why working with banks is critical to suffocating this scam, and they need to all get on board fast. Follow the money, and you'll stop the fraud." The remarks frame financial institutions as a necessary partner to halt rapid transfers of proceeds overseas and to prevent sham companies from operating.

The transcript does not include the moratorium's start or end dates, legal citation for the authority to impose such a moratorium, or details about how banks will be compelled or incentivized to cooperate. The speaker did not identify specific enforcement tools, statutory provisions, or an implementing agency order in the text provided.

The speaker presented the moratorium as an immediate administrative tool and said the action was taken "under the vice president's leadership," but the transcript contains no subsequent agency statement from CMS or banking regulators. The speaker framed the measure as part of an effort to protect seniors and Medicare beneficiaries from theft.