Bans any U.S. person from conducting financial transactions with Alipay or using any Alipay app or payment‑processing service. This reaches individuals and businesses in the United States, U.S. nationals and lawful permanent residents anywhere in the world, foreign branches of U.S. entities, and anyone physically present in the United States.

It defines “United States person” and “financial transaction” broadly, covering the movement of funds or use of financial institutions affecting interstate or foreign commerce. The measure does not specify timelines, enforcement agencies, penalties, or exceptions.