Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
I’ve never used PayPal payment stretches, but I am familiar with Klarna & After Pay. There is no way anyone can be burdened with usury-style long-term interest rates, as neither of these companies charges interest, and you are limited to stretching your purchase to 4 payments, every 2 weeks via auto-pay. It will not lower the cost of goods purchased in any way. This bill is looking for problems it cannot solve.