Bill > HR1730

This bill, known as the No Alipay Act of 2025, prohibits all financial transactions between Alipay, a Chinese financial technology company, and any United States person. The bill broadly defines "United States person" to include U.S. citizens, permanent residents, U.S.-organized entities (including their foreign branches), and individuals physically present in the United States. "Financial transactions" are comprehensively defined to cover a wide range of monetary exchanges, including wire transfers, movement of funds, and any transactions involving financial institutions that impact interstate or foreign commerce. The legislation effectively bans all use of Alipay's applications and payment processing services for individuals and entities connected to the United States, which appears to be part of broader efforts to restrict Chinese financial technology platforms from operating within the U.S. market, likely due to national security or economic concerns.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1730/all-info