No Alipay Act of 2025

This legislative proposal seeks to prohibit all financial transactions involving AliPay (China) Internet Technology Company Limited and any United States person . The prohibition extends to the use of any application or payment processing services operated by Alipay within the United States. A "United States person" is broadly defined to include U.S. nationals, lawful permanent residents, entities organized under U.S. law, and individuals physically present in the United States. Furthermore, a "financial transaction" encompasses any transaction affecting interstate or foreign commerce, involving the movement of funds, monetary instruments, or the use of a financial institution engaged in such commerce.