The No Alipay Act of 2025 would bar any financial transactions between the Chinese payments company Alipay (AliPay) and a United States person. In practical terms, this means US individuals, companies, and other entities would be prohibited from using Alipay’s apps or payment processing services to move money or settle payments. The statute uses broad definitions for both “United States person” and “financial transaction,” which could encompass a wide range of everyday payments, cross-border transfers, and interactions with financial institutions. The bill is in the introduction stage, having been sponsored by Mr. Ogles in the House and referred to the Committee on Financial Services; no penalties or enforcement provisions are included in the portion of text provided.
Key Points
- 1Prohibition: No financial transactions between AliPay (China) Internet Technology Company Limited and a United States person are permitted, including the use of any Alipay app or payment processing services.
- 2Short title: This act may be cited as the “No Alipay Act of 2025.”
- 3Definitions (important scope):
- 4- “United States person” is defined very broadly to include U.S. citizens, permanent residents, entities organized under U.S. law (including foreign branches), and individuals physically present in the United States.
- 5- “Financial transaction” covers any transaction affecting interstate or foreign commerce involving movement of funds or monetary instruments, or transactions involving a financial institution engaged in such commerce.
- 6Section 2-3 structure: The prohibition is placed in a single section with a definitions section outlining who is affected and what constitutes a financial transaction.
- 7Status and context: Introduced in the House on February 27, 2025 by Rep. Ogles and referred to the Committee on Financial Services; the provided text does not include penalties, enforcement mechanisms, or implementing regulations.