Bill Details
HR.1730 - 119th Congress
Status
Latest action
2025-02-27 - Referred to the House Committee on Financial Services.
Introduced Date
2025-02-27
Policy Area
Finance and Financial Sector
Committees
View committees (1)
Sponsors
6
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would make it illegal for people and businesses in the United States to use Alipay for financial transactions. It would block any payments, transfers, or related services involving Alipay and a U.S. person, including use of Alipay’s app or payment processing tools. The bill is meant to stop Alipay from being used in the United States by individuals, companies, and others covered under the law.
- It applies to “U.S. persons,” which includes U.S. citizens, lawful permanent residents, U.S.-organized businesses, and anyone physically in the United States.
- The ban covers financial transactions in general, including money moved by wire or other methods, or transactions handled through a financial institution that affects U.S. or international commerce.
- It also covers any application or payment processing services run by Alipay, not just direct payment transfers.
- The bill is short and focused on one rule: no financial transactions between Alipay and U.S. persons would be allowed.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1730 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1730
To prohibit any transactions using Alipay in the United States.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 27, 2025
Mr. Ogles introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To prohibit any transactions using Alipay in the United States.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``No Alipay Act of 2025''.
SEC. 2. PROHIBITION ON USE OF ALIPAY.
No financial transactions between AliPay (China) Internet
Technology Company Limited (referred to in this Act as ``AliPay'') and
a United States person are permitted, including the use of any
application or payment processing services operated by Alipay.
SEC. 3. DEFINITIONS.
In this Act:
(1) The term ``United States person'' means--
(A) a national of the United States;
(B) an alien lawfully admitted for permanent
residence;
(C) an entity organized under the laws of the
United States or under the laws of any jurisdiction
within the United States (including a foreign branch of
such an entity); or
(D) an individual who is physically present in the
United States.
(2) The term ``financial transaction'' means--
(A) a transaction which in any way or degree
affects interstate or foreign commerce--
(i) involving the movement of funds by wire
or other means; or
(ii) involving one or more monetary
instruments; or
(B) a transaction involving the use of a financial
institution which is engaged in, or the activities of
which affect, interstate or foreign commerce in any way
or degree.
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