Banning foreign payment processors for military retailers
What the bill does
This bill would stop the Department of Defense from doing business with retailers that use payment processing equipment or services from companies based in China, Russia, Iran, North Korea, or other countries deemed a national security risk. The Secretary of Defense must review all current retailers and issue rules to cut ties with those using such equipment. Starting in 2027, no new contracts can be made with these retailers.
The stakes
This bill affects military personnel and their families who shop at stores on military bases. It aims to protect their payment data from being handled by foreign companies that could pose a security threat.
- Alibaba GroupBABA
- Tencent HoldingsTCEHY
How the chamber split
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What each side says
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Defense & Aerospace money, split by party
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