S 3037
No AliPay Act of 2025
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the No AliPay Act of 2025, would prevent U.S. individuals, businesses, and organizations from engaging in financial transactions with AliPay, a Chinese online payment service. The bill aims to restrict financial connections between the United States and AliPay, citing concerns about national security and potential risks associated with using the platform. It defines ‘financial transaction’ broadly to encompass various monetary exchanges. This legislation seeks to limit the financial influence of a Chinese company operating within the U.S. financial system.
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