Bill > S3037

This bill, known as the No AliPay Act of 2025, prohibits United States persons, which include U.S. citizens, permanent residents, U.S.-based entities, and individuals physically present in the United States, from conducting any financial transactions with AliPay, a Chinese internet technology company. The bill defines financial transactions broadly, covering any transaction that affects interstate or foreign commerce, including the movement of funds via wire or monetary instruments, or involving financial institutions engaged in interstate or foreign commerce. Essentially, the legislation aims to prevent U.S. individuals and organizations from using AliPay's payment processing services or applications, effectively restricting financial interactions with this specific Chinese payment platform. The bill's comprehensive definition of "United States person" and "financial transaction" ensures wide-ranging coverage and limits potential loopholes for circumventing the prohibition.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3037/all-info