No AliPay Act of 2025

The "No AliPay Act of 2025" aims to restrict financial interactions between United States persons and AliPay (China) Internet Technology Company Limited. This legislation specifically prohibits any U.S. person from conducting financial transactions with AliPay, including through its applications or payment processing services. The bill broadly defines a "financial transaction" to encompass any transaction affecting interstate or foreign commerce, such as those involving the movement of funds, monetary instruments, or the use of financial institutions. A "United States person" is also comprehensively defined, including U.S. nationals, permanent residents, entities organized under U.S. law, and individuals physically present in the United States.