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S 3037119th CongressIn Committee
No AliPay Act of 2025
Introduced: Oct 23, 2025
Sponsor: Sen. Scott, Rick [R-FL] (R-Florida)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The No AliPay Act of 2025 prohibits U.S. persons from engaging in financial transactions with AliPay (China) Internet Technology Company Limited.
Key Points
- 1Prohibits U.S. persons from conducting financial transactions with AliPay
- 2Applies to use of AliPay applications and payment processing services
- 3Defines U.S. persons broadly to include citizens, permanent residents, U.S. entities, and individuals physically present in U.S.
- 4Defines financial transactions to include wire transfers and monetary instrument transactions
- 5Imposes restrictions on one of China's largest fintech companies
Impact Areas
U.S.-China financial relationsFintech industryChinese technology companiesU.S. consumers and businessesNational security policy
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