No Alipay Act of 2023

Bill: 118-hr-5447
Sponsor: full_name: Rep. Ogles, Andrew [R-TN-5]
Introduced: 2023-09-13
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-09-13
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-09-13
action_desc: Introduced in House
text: <p><strong>No Alipay Act of 2023</strong></p><p>This bill prohibits any financial transactions between a U.S. person and Alipay, a Chinese online payment platform. &nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 5447 IN THE HOUSE OF REPRESENTATIVES September 13, 2023 Mr. Ogles (for himself, Mrs. Harshbarger , and Mr. Tiffany ) 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.

1. Short title This Act may be cited as the No Alipay Act of 2023 . 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. 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.